Candente Copper Corp.: Appointment of New Independent Director
February 25 2014 - 3:00AM
Marketwired
Candente Copper Corp.: Appointment of New Independent Director
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 25, 2014) -
Candente Copper Corp. (TSX:DNT)(LMA:DNT)(PINKSHEETS:CCOXF)
("Candente Copper" and/or the "Company ) is pleased to announce
that Mr. Federico Oviedo has joined the Board of Directors as an
Independent Director.
"I am excited to join the Candente Copper board of directors, a
team of experience with quality projects, such as the emblematic
Cañariaco, and with this I commit my best efforts to achieve the
goals set forth for the benefit of the shareholders and all
stakeholders," said Mr. Oviedo.
"We are extremely pleased to have Federico join our team and
share with us his in-depth knowledge of business and the investment
community in Peru," commented Joanne Freeze, CEO Candente
Copper.
Mr. Oviedo has been a key member of the Bolsa de Valores de Lima
S.A. (Lima Stock Exchange "BVL") since 1979, acting as its General
Counsel from 1990, and as its CEO from 2001 until June 2009. At the
BVL, among other projects, he promoted and developed the Junior
Market - Segmento de Capital de Riesgo (Venture Capital Segment) -
corporate government issues for the Peruvian markets and
internationalization and integration of the securities market.
While with the BVL, Mr. Oviedo actively participated in various
commissions to reform stock market law, from 1990 to 2008. He has
also been a member of the Latin American Corporate Governance
Roundtable organized by the OECD, IFC and the World Bank
2000-2006.
Currently Mr. Oviedo is a consultant in corporate and capital
market issues and until recently (November 28, 2013) he was a
member of the board of BNB Valores Peru Solfin Sociedad Agente de
Bolsa S.A. (Peruvian brokerage house). He was previously a member
of the board in DATATEC S. A., having been its Vice-Chairman in
2004, 2006 and 2008 and also served as Independent Director of
Cobriza Metals Corp. 2011-20013.
Mr. Oviedo graduated in law from the Pontificia Universidad
Católica del Perú and completed finance studies at ESAN Business
Administration School also in Peru.
About Candente Copper
Candente Copper is a mineral exploration company engaged in the
acquisition, exploration and development of mineral properties. The
flagship project is the 100% owned, 7.5 billion pound, Feasibility
stage Cañariaco Copper Project located in northern Peru's prolific
mining district. A Measured and Indicated* resource of 752.4
million tonnes grading 0.49% copper equivalent**, and an Inferred
Resource of 157.7 million tonnes at 0.44% copper equivalent has
been delineated in the Cañariaco Norte deposit. The Cañariaco
property also covers the nearby Cañariaco Sur copper gold porphyry
system and the Quebrada Verde copper gold porphyry target. In
addition, Candente Copper holds several other base metal
exploration projects in Peru. One of these, the Arikepay
copper-gold porphyry, is being explored under a joint venture
agreement with Zahena S.A.C. who is funding up to USD$5 million (M)
in exploration expenditures and USD$4M in payments within 4
years.
Sean Waller, P.Eng., President and Joanne C. Freeze, P.Geo.,
CEO, 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. *The 'Measured and Indicated
Resource' listed above consists of Measured Resources of 338.1Mt at
0.48% Cu, 0.08 g/t Au, and 2.0/t Ag (0.52% Cu Eq.), plus Indicated
Resources of 414.3Mt at 0.43% Cu, 0.06 g/t Au, and 1.8 g/t Ag
(o.46% Cu Eq.). All resources quoted in this release are based on a
0.30% copper cut-off grade and 229 drill holes completed to March
2008. **Copper equivalent grade including gold and silver, metal
recoveries (copper 90%, gold 55%; silver 50%) and smelter returns
(copper 96.5%: gold 93%; silver 90%) applied. Copper grade
equivalent calculation: Cu Eq% =(Cu % + ((Au grade x Au price x Au
recovery x Au smelter return%)+(Ag grade x Ag price x Ag recovery x
Ag smelter return%))/(22.0462 x Cu price x 31.0135 g/t x Cu
recovery x Cu smelter return%). The metal prices used are: copper
US$2.50/lb, gold US$1,035/oz and silver US$17.25/oz.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
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 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 & Chair
NR-059
Candente Copper Corp.Walter SpagnuoloManager, Investor
RelationsMobile: +1 (604) 306-8477Local: +1 (604) 689-1957 ext
3Candente Copper Corp.Nataly ReateguiInvestor Relations, Peru(511)
715-2001 ext 107nreategui@candente.comCandente Copper
Corp.info@candentecopper.comwww.candentecopper.com
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