Home / Mining Company News Releases (Unreviewed) / Candente Copper Completes the Sale of Subsidiary Company for Proceeds of Cdn $970,000

Candente Copper Completes the Sale of Subsidiary Company for Proceeds of Cdn $970,000

Vancouver, British Columbia–(Newsfile Corp. – November 29, 2017) – Candente Copper Corp. (TSX: DNT) (BVL: DNT) (“Candente Copper”, “Company”) is pleased to announce that the Company has completed the sale of one of its Peruvian subsidiaries, Compania Minera Candente S.A. (Candente S.A.) for a total amount of approximately Cdn$ 970,000 (US$757,000).

Candente S.A. was formed to act as a service company to provide geological and other consulting services to Candente’s various subsidiary entities in Peru and as such did not hold any mineral properties.

“We are very pleased to have found a way to raise this funding for our company with no dilution for our shareholders”, commented Joanne Freeze, CEO of Candente Copper.

Payments for the sale will be made in 15 monthly installments with the first installment of US$100,000 due on signing and already received.

About Candente Copper

Candente Copper is a mineral exploration company engaged in acquisition, exploration, and development of mineral properties. The Company is currently focused on its 100% owned Cañariaco project, which includes the Feasibility stage Cañariaco Norte deposit as well as the Cañariaco Sur deposit and Quebrada Verde prospect, located within the western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru.

Joanne C. Freeze, P.Geo., CEO, and Sean Waller, P.Eng., President, are the Qualified Persons as defined by National Instrument 43-101 for the projects discussed above. They have reviewed and approved the contents of this release.

This news release may contain forward-looking statements including but not limited to comments regarding 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 Copper relies upon litigation protection for forward-looking statements.

On behalf of the Board of Candente Copper Corp.

“Joanne C. Freeze” P.Geo.
CEO, Director
___________________________________

For further information please contact:
[email protected]
www.candentecopper.com

or:

Walter Spagnuolo
Manager, Investor Relations
mobile: +1 (604) 306-8477
local: + 1 (604) 689-1957 ext 3

 

Disclaimer: This is an unedited and minimally reviewed public mining company press release originally published at http://www.newsfilecorp.com/release/30869/Candente-Copper-Completes-the-Sale-of-Subsidiary-Company-for-Proceeds-of-Cdn-970000. We have linked to our knowledge base articles from within the content of this release in order to help explain some of the terminology used and provide continuity from previous and related news coverage. You can access more in-depth mining company project reviews on our site, as well a knowledge base of articles on mineral exploration, mining and geology-related topics.

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