Candente Gold Corp.

Candente Gold Corp.

September 16, 2015 06:00 ET

Candente Gold Provides Voting Results for Annual General Meeting of Shareholders

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 16, 2015) - Candente Gold Corp. (TSX VENTURE:CDG) ("Candente Gold" and/or the "Company") is pleased to provide the voting results of its annual general meeting of shareholders (AGM) held on September 11th, 2015.

All of the matters submitted to shareholders for approval as set out in the Company's notice of meeting and information circular dated August 5th, 2015, were approved by the requisite majority of votes cast at the AGM. A total of 25,048,029 common shares were represented at the AGM, representing 26.04% of the votes attached to all outstanding common shares as at the record date.

Shareholders voted in favour of setting the number of directors at six and the following incumbent directors were re-elected: Joanne C. Freeze, Dr. Peter Megaw, Dr. Kenneth G. Thomas, Larry Kornze, Andres Milla and Paul H. Barry. The directors will serve until the next annual general meeting of the Company.

Shareholders also reappointed Deloitte LLP, as the auditor of the Company and approved the Company's new 10% rolling stock option plan (the "Plan"). The new Plan was adopted in order to comply with TSX Venture requirements.

About Candente Gold

Candente Gold's flagship asset is El Oro, a district scale gold project encompassing a well known prolific high grade gold dominant silver epithermal vein system in Mexico. The project covers 20 veins with past production and more than 57 veins in total, from which approximately 6.4 million ounces of gold and 74 million ounces of silver were reported to have been produced from just two of these veins (Ref. Mexico Geological Service Bulletin No. 37, Mining of the El Oro and Tlapujahua Districts. 1920, T. Flores).

Modern understanding of epithermal vein systems indicates that several of the El Oro district's veins hold excellent discovery potential, particularly below and adjacent to the historic workings of the San Rafael Vein, which was mined to an average depth of only 200 metres.

Current focus is the evaluation of potential for historic tailings to generate near-term cash flow. These tailings are left from pre-1930s milling of ores from the Mexican Mine in the El Oro District. These tailings have had extensive historic assessments including drill testing and metallurgical test work. The Mexico Mine Tailings deposit lies within the town of El Oro and covers an area of approximately 5.6 hectares that once reclaimed, will be available for the town's future development. The tailings are adjacent to existing road access, power and water services.

Forward-looking Information

This news release may contain forward-looking information (as such term is defined under Canadian securities laws) including but not limited to information regarding the processing of tailings to generate short-term cash flow, the potential for discovery in the El Oro district and other statements that are not historical facts. While such forward-looking information is expressed by Candente Gold in good faith and believed by Candente Gold to have a reasonable basis, they address future events and conditions and are therefore subject to inherent risks and uncertainties including those set out in Candente Gold's MD&A. Factors that cause the actual results to differ materially from those in forward-looking information include, without limitation, gold prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, potential environmental issues, availability of capital and financing and general economic, market or business conditions. Candente Gold expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

On behalf of the Board of Candente Gold Corp.

Joanne Freeze, P.Geo., President & CEO

NR 051

Contact Information

  • Walter Spagnuolo
    Manager, Investor Relations
    mobile: +1 (604) 306-8477
    local: + 1 (604) 689-1957 ext 3
    toll free: 1 (877) 689-1964 ext 3

    Nataly Reategui
    Investor Relations, Peru
    (511) 715-2001 ext 107
    (511) 717-1233 (FAX)