News Column

Candente Copper Announces Increase to Private Placemen

May 16, 2014



ENP Newswire - 16 May 2014

Release date- 15052014 - Vancouver, British Columbia - Candente Copper Corp. (TSX:DNT, BVL:DNT, US:CCOXF) is pleased to announce, subject to regulatory approval, that it has agreed to increase the amount of gross proceeds being raised in the non-brokered private placement announced May 1, 2014, to approximately Cdn$1,250,000.

The placement will consist of approximately 8,333,333 units (the 'Units') at a price of $0.15 for gross proceeds of approximately Cdn$1,250,000. Each Unit will consist of one common share of the Company and one-half of a share purchase warrant. Each full warrant will be exercisable for one additional common share of the Company for two years at an exercise price of Cdn$0.25. Shares will be subject to a mandatory 4 month hold period. The placement is expected to close on May 22, 2014.

Joanne Freeze, CEO of the Company, and Sean Waller, President are to subscribe for a portion of the Private Placement which in total will be for less than 25 per cent of Candente Copper's market capitalization. For the above participation, the Company is relying upon the valuation and minority shareholder approval requirements under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions for the Insider's participation in the placement.

The Company may pay finder's fees in connection with the Private Placement. Funds will be used for ongoing ESIA and Metallurgical studies and for general corporate purposes.

About Candente Copper

Candente Copper is a mineral exploration company engaged in the acquisition, exploration and development of mineral properties. The company is currently focused on its 100% owned Canariaco project, which includes the Feasibility stage Canariaco Norte deposit as well as the Canariaco Sur deposit and Quebrada Verde prospect, located within the western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru.

A highly successful Phase I drilling program was carried out in 2013 on the Canariaco Sur deposit. Future drilling is planned for additional step-out drilling at Canariaco Sur as well as first phase drilling on the Quebrada Verde target. Drilling permits are in place for much of the drilling proposed for Canariaco Sur and Candente Copper has applied to MINEM for a modification to its current drilling permit so that additional drilling could be conducted on potential extension areas to Canariaco Sur and on the Quebrada Verde target.

In addition, Candente Copper holds several other base metal exploration projects in Peru. One of these, the Arikepay copper-gold porphyry, is being explored under a joint venture agreement with Zahena S.A.C. who is funding up to USD$5 million (M) in exploration expenditures and USD$4M in payments within 4 years.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geoloical interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such stategments. Candente Copper relies upon litigation protection for forward-looking statements.

Contact:

Candente Copper Corp.

Joanne C. Freeze

Director

Email: info@candentecopper.com

www.candentecopper.com

Walter Spagnuolo

Manager

Investor Relations

Mobile: +1 (604) 306-8477


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Source: ENP Newswire


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