Candente Copper Corp. (TSX:DNT) has arranged a bridge loan in the aggregate principal amount of C$1 million from an arm’s length individual investor for a 12-month term at 10% to be repaid on maturity.
“This bridge loan was organised to allow sufficient time to explore several financing options that have been presented to the company,” President and CEO, Joanne Freeze, said.
“Over the course of the next several weeks, Candente Copper and its advisors will assess and evaluate the financing offers received to date.
“The results of the recently published Preliminary Economic Assessment have generated several financing options that will further allow for the de-risking of the Cañariaco Project in Peru by advancing engineering and environmental studies and further drilling, all of which will lead to a publication of a feasibility study.”
About Candente Copper
The company’s flagship project is Cañariaco, within which Cañariaco Norte, is the 10th largest late-stage copper resource in the world and sixth highest in grade. In addition to Cañariaco Norte, the Cañariaco Project, includes the Cañariaco Sur deposit and Quebrada Verde prospect, all within a four km NE-SW trend in northern Peru’s prolific mining district.
For further information please visit: https://candentecopper.com/
