Vancouver, British Columbia, February 11, 2010. Candente Copper Corp. (DNT:TSX) (the "Company") is pleased to announce that it has appointed Raymond James Ltd. to lead a syndicate which includes Cormark Securities Inc. (collectively the "Agents") to sell by way of private placement on a "best efforts" basis, approximately C$5,000,000 of units of the Company (the "Offering").
The net proceeds from the Offering will be used to fund feasibility-related work on the Cañariaco Norte copper deposit, exploration and development of the Company's Cañariaco Sur and Quebrada Verde projects, and general corporate purposes.
The common shares and warrants comprising the units and the common shares issuable upon exercise of the warrants will be subject to a four-month hold period under applicable Canadian securities laws. Closing is expected to be on or about March 2, 2010.
The Offering is being made in all provinces of Canada, via private placement in the U.S. in accordance with certain exemptions under the U.S. Securities Act, and other jurisdictions as may be determined between the Company and the Agents, and is subject to the approval of regulatory authorities. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
About Candente Copper
Candente Copper (DNT:TSX) is developing the 7.7 billion pound feasibility stage Cañariaco Norte copper deposit in northern Peru, exploring the company's portfolio of copper projects throughout Peru, and pursuing prospective copper projects in the Americas.
On behalf of the Board of Candente Copper Corp.
CEO & Director
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