Approximately $400,000 of the gross proceeds of the Private Placement are to be used to further define drill targets on the Cañariaco Sur Cu-Au deposit and Quebrada Verde Cu-Au target and approximately $600,000 will be used for working capital and general corporate purposes.
The overall size of the Private Placement will be increased to approximately 11.11M units. Terms of the Private Placement have not changed - please refer to News Releases No. 080 and No. 081 dated July 11th and 12th, 2016.
On behalf of the Board of Candente Copper Corp.
"Joanne C. Freeze" P.Geo.
For further information please contact:
Manager, Investor Relations
mobile: +1 (604) 306-8477
local: + 1 (604) 689-1957 ext 3