Further to the Company's News Release dated November 28th, 2001, the proposed private placement has been increased to raise a maximum of Cdn$731,000, subject to regulatory acceptance. The Company is completing all of the necessary documents in order to close this placement as promptly as possible.
The funds will be used for general working capital and exploration programs on the Company's gold properties in Peru. Candente is currently exploring the Lunahuana property, a large size potential gold project in Central Peru. An extensive program of trenching and pitting is in progress over the Western Gold Zone where gold geochemical anomalies (up to 0.67 grams per tonne (gpt)) are associated with an intense and extensive geophysical (IP) anomaly.
Candente is a junior exploration company focused on the acquisition, exploration and development of world class gold and copper projects in Peru.
For more information on our current exploration progress visit www.candente.com and/or call us at (604) 689-1957 or e-mail to info@candente.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Joanne C. Freeze"
Joanne Freeze, P. Geo., President & CEO
Candente Resource Corp.
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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.