Candente Copper Corp.

Candente Copper Corp.

August 03, 2016 13:53 ET

Candente Copper Corrects Details re Private Placement Raising $1.07M

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 3, 2016) - Candente Copper Corp. (TSX:DNT)(LMA:DNT) ("Company") is providing corrected information in respect of its recently completed non-brokered private placement which closed on July 29, 2016 (the "Private Placement") as reported yesterday, August 2, 2016 (see Company's News Release No. 083).

The Company raised $1,073,380 through the issuance of 11,926,440 units (the "Units") (rather than 11,370,844 Units as incorrectly noted in News Release No. 083) at a price of $0.09 per Unit. Each Unit was comprised of one common share of the Company and one-half of a share purchase warrant, with each whole share purchase warrant (a "Warrant") being exercisable for 2 years to purchase an additional common share at a price of $0.15 per share, subject to an acceleration provision triggered if at any time after November 30th, 2016, the Company's common shares have a closing price on the TSX Exchange at or above a price of $0.30 per share for a period of 10 consecutive trading days. A total of 5,963,218 Warrants were issued pursuant to the Private Placement as part of the Units.

On behalf of the Board of Candente Copper Corp.

"Joanne C. Freeze" P.Geo., CEO, Director


Contact Information