March 8 (Reuters) - Candelaria Mining Corp CAND.V :
* CANDELARIA MINING PROVIDES AN UPDATE ON $4,200,000 PRIVATE PLACEMENT FINANCING
* CANDELARIA MINING- INTENDS TO CONDUCT OFFERING, ON NON-BROKERED PRIVATE PLACEMENT BASIS, OF UPTO 10.5 MILLION UNITS OF CO AT SUBSCRIPTION PRICE OF $0.40/UNIT