Candorado Operating Company Ltd. - News Releases - Candorado Raises $227,000 with Closing of Second Tranche of Private Placement


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	December 22, 2009 Candorado Raises $227,000 with Closing of Second Tranche of Private Placement
	Candorado Operating Company Ltd. ("Candorado" or the "Company") (TSX VENTURE: "CDO" FRANKFURT/BERLIN: "HQU") is pleased to announce it has closed the second tranche of its previously announced non-brokered private placement at a price of $0.05 per unit. The Company issued an additional 800,000 non flow-through units ("NFT Unit") for gross proceeds of $40,000 which brings the total raised by the Company to $227,000 for a total of 4,540,000 NFT Units. Each NFT Unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at a price of $0.10 per share for a period of 12 months. The shares and warrants issued are subject to a four month plus one day hold from the date of closing of the private placement. The Company paid finders' fees of 7% cash ($2,800) and 7% warrants (56,000 warrants) on a portion of the financing. The shares and warrants issued are subject to a four month plus one day hold from the date of closing of the private placement. The net proceeds for this private placement will be used for the evaluation and potential acquisition of "rare earth" and additional lithium prospects available to the Company and general working capital purposes. About Candorado Candorado is a B.C. based mineral exploration company with extensive mineral tenures in central, northern and southern British Columbia, and lithium properties in Quebec. ON BEHALF OF THE BOARD OF DIRECTORS OF CANDORADO OPERATING COMPANY LTD. Kirk Reed, President and CEO For Further Information Please Contact: Candorado Operating Company Ltd. Tel: (250) 979-2595 Fax: (250) 860-2957 www.candorado.com The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this Release.

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