Candente Copper Corp. Extends Period to Exercise Warrants
17 July 2020 - 6:30AM
Candente Copper Corp. (TSX:DNT, BVL:DNT) ("Candente” or the
“Company”) advises that it has received conditional approval from
the Toronto Stock Exchange (“
TSX”) to extend the
exercise period of a total of 5,407,663 outstanding share purchase
warrants (the “
Warrants”) issued pursuant to the
private placement completed on July 29, 2016. The current
expiry date of the Warrants, which was previously amended, is July
29, 2020 and the new expiry date will be July 29, 2021 (the
“
Extension”).
None of the warrants are held directly or
indirectly by insiders of the Company.
The exercise price of the Warrants will remain
unchanged at $0.15 with the acceleration clause unchanged as
follows: “If at any time after the Company’s common share have a
closing price on the TSX Exchange at or above a price of Cdn $0.30
per share for a period of 10 consecutive trading days, the Company
may give notice by News Release that expiration of the Warrants
will be accelerated to 40 days from the date of providing such
notice”.
The proposed Warrant extension remains subject
to final TSX approval.
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., President and CEO, is
the Qualified Person as defined by National Instrument 43-101 for
the projects discussed above. She 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.President, CEO and
Director___________________________________For further information
please contact:
“Joanne C. Freeze” P.Geo.President, CEO and
DirectorTel +1
604-689-1957info@candentecopper.comwww.candentecopper.com
NR-119
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