Candente Resource Corp. (Candente) is pleased to announce that subject to regulatory approval, the Company has agreed to a Non Brokered Private Placement in order to raise flow through proceeds of $300,000.00 by issuing 250,000 Units at $1.20 per unit. Each unit will comprise one share and one half-share purchase warrant. One whole non-transferable share purchase will permit the holder to purchase one share of the Company at a price of $1.65 per share for a period of eighteen months following closing. The Units may entitle the placees to receive flow through benefits.
The net proceeds of the private placement will be used for funding exploration and development activities on Candente's mineral properties in Newfoundland, Canada.
Unit Pricing terms of the placement were reserved using Form 4A -- "Price Reservation Form", filed on December 30th, 2003.
Candente is a well funded mineral exploration company focused on the acquisition and exploration of world-class gold and copper projects. Management has a strong geological/technical focus and a track record of discovering world-class mineral deposits. For more information on our current exploration progress visit http://www.candente.com and/or call us at (604) 689-1957, toll free 1-877-689-1964 or e-mail to investor@candente.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Joanne C. Freeze"
Joanne Freeze, P. Geo., President & CEO
Candente Resource Corp.
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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.