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Warrants Exercised for Gross Proceeds of Cdn$534,435
Warrants Exercised for Gross Proceeds of Cdn$534,435
VANCOUVER, British Columbia, Jan. 25, 2021 Candente Copper Corp. (TSX:DNT, BVL:DNT) (“Candente Copper”, “Company”) is pleased to announce that several investors have exercised or have agreed to exercise warrants to purchase an aggregate up 5,556,500 common shares of which 4,859,000 had an exercise price of Cdn$0.09 and 697,500 had an exercise price of Cdn$0.15. The gross proceeds to the company from the exercise of these warrants is Cdn$534,435 which will give the Company a current balance of Cdn$900,000.
Candente Copper is now funded to consider some additional engineering studies for certain aspects of development such as a smaller, higher grade, start up option for the Cañariaco Norte project. In the meantime, the Company has also initiated the application process for renewed drilling permits which would allow completion of geotechnical drilling at Cañariaco No
Elon Musk provides $100 million for XPrize competition to spark huge carbon-removal-technology breakthrough
Updated Feb 09, 2021;
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Billionaire entrepreneur Elon Musk has launched a new XPrize competition, which he says is focused on “fighting climate change and rebalancing earth’s carbon cycle.”
The announcement on the competition’s website gets right to the point: “Largest Incentive Prize in History: $100 million.”
Here’s how you win: invent and successfully demonstrate technology “that can pull carbon dioxide directly from the atmosphere or oceans, ultimately scaling massively to gigaton levels, locking away CO2 permanently in an environmentally benign way.”
Carbon-capture technology has been talked up ever since concerns about climate change entered the public discourse. But while efforts in recent years have produced some small-time successes, the ability to scale it “massively to gigaton levels” has remained nothing but a dream.
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