Vancouver, British Columbia, February 16, 2010. Further to the press release issued February 11, 2010, Candente Copper Corp. (DNT:TSX) (the "Company") is pleased to announce it has received commitments for approximately C$5,000,000 of units (the "Units") of the Company to be sold by way of private placement (the "Offering").
Each Unit will be priced at $0.35 per Unit, and will comprise one common share and one half of a common share purchase warrant, with each whole warrant exercisable at $0.50 for a period of 36 months from Closing.
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
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. CAUTIONARY NOTE TO U.S. INVESTORS
We advise U.S. investors that this news release uses terms which are not recognized by the United States Securities and Exchange Commission ("SEC"), including "mineral resources", "measured resources", "indicated resources" and "inferred resources". The estimation of measured and indicated resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that mineral resources in these categories will be converted to reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically mineable, or will be upgraded into measured or indicated mineral resources. U.S. investors are cautioned not to assume that mineral resources in any of these categories will be converted into reserves.
For further information please contact:
mobile: +1 (604) 306-8477
local: + 1 (604) 689-1957 ext 3
toll free: 1 (877) 689-1964 ext 3
CAUTIONARY NOTE TO U.S. INVESTORS