- an ordinary resolution to approve the Shareholder Rights Plan Agreement (the "Rights Plan") adopted on September 7th, 2006; and
- a special resolution to continue the Company from the federal jurisdiction of Canada (CBCA) to the provincial jurisdiction of British Columbia (BCBCA).
The change of the Company's corporate jurisdiction to British Columbia (BCBCA) is to make day-to-day operations of the Company more expedient and to allow a larger number of non-Canadian residents to join the board. The BCBCA is a more modern and streamlined company law than the CBCA and provides greater flexibility and reduces the regulatory burden to companies by, for example, permitting directors to pass consent resolutions by e-mail and by implementing an electronic filing system.
Candente is a diversified exploration company with copper, gold, silver, and zinc projects in Peru and Mexico. Candente subscribes to principles, which ensure that its exploration and development activities are beneficial to the local communities.
For further information please contact Neil Currie or Joanne Freeze in Vancouver at: (604) 689-1957 or toll free 1-877-689-1964; www.candente.com.
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.