Candente Copper Corp. (TSX:DNT)(BVLAC:DNT)(PINK SHEETS:CDOUF) ("Candente Copper"
or the "Company") is pleased to announce that the Shareholder Rights Plan,
approved by the Company's shareholders at the Annual General and Special Meeting
on August 23, 2011, became effective on October 6, 2011 following the completion
of the previously announced spin-out of Cobriza Metals Corp. by the Company.
The Shareholder Rights Plan is similar to plans adopted by other Canadian
companies and is designed to ensure the fair and equal treatment of the
Company's shareholders in connection with any take-over bid for outstanding
common shares of the Company. Candente Copper is not aware of any specific or
pending proposal to acquire control of the Company. The Shareholder Rights Plan
is not intended to prevent or deter take-over bids that offer fair treatment and
value to shareholders, and is designed to encourage offers that represent fair
value to all shareholders.
For more information on the Shareholder Rights Plan please see the Information
Circular of the Company dated July 22, 2011. The Shareholder Rights Plan has
been conditionally approved by the Toronto Stock Exchange. A copy of the
Shareholder Rights Plan will is available for viewing under the Company's
profile on SEDAR at www.sedar.com.
About Candente Copper
Candente Copper Corp is a TSX and BVL listed mining company focused on
exploration and development of base metal mining projects in Peru and Latin
America. Candente Copper's flagship project is the 100% owned Canariaco Norte
copper project located in the prolific mining region of northern Peru.
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,
geotechnical assumptions, geological interpretations, receipt of property titles
or permits, 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 relies upon litigation
protection for forward-looking statements.
On behalf of the Board of Candente Copper Corp.
Sean Waller, P.Eng., President & Director
NR-030
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