The Common Shares issued in this Placement will be subject a four-month hold period. The Company may pay a finder's fee in cash and/or warrants of up to 5% of the total value of the gross proceeds raised. The net proceeds of the private placement will be used for funding exploration and development activities on the Company's mineral properties and for general corporate purposes.
Candente is a diversified copper and gold exploration company with gold, silver, copper and zinc projects in Peru and Mexico, including an advanced exploration stage leachable copper project, Cañariaco with potential cash flow of approximately $1.9B at $2.00/lb Cu. (See News Release 170 of June 26, 2006). Candente subscribes to principles which ensure that its exploration and development activities are beneficial to the local communities.
For further information please contact Kelly Gray at: (604) 689-1957 or toll free 1-877-689-1964; or info@candente.com
www.candente.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Joanne C. Freeze"
Joanne Freeze, P. Geo., President & CEO
Candente Resource Corp.
Release No. 187
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological 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 statements. Candente relies upon litigation protection for forward-looking statements.