Cobriza Metals Corp. Receives Final Court Order For Arrangement With Candente Copper Corp.
VANCOUVER, BRITISH COLUMBIA -- (Marketwired - Sept. 10, 2013) - Candente Copper Corp. (TSX:DNT)(LMA:DNT) (PINKSHEETS:CCOXF) ("Candente Copper") and Cobriza Metals Corp. (TSX VENTURE:CZA) ("Cobriza") are pleased to announce that the Supreme Court of British Columbia issued a final order (the "Final Order") on September 6, 2013 approving the previously announced statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement").
Assuming all other conditions to completion of the Arrangement are satisfied or waived, it is expected that the Arrangement will become effective on or about September 11, 2013, following which application will be made to the TSX Venture Exchange for the de-listing of the Cobriza Shares.
For further details of the Arrangement, please see Cobriza's management information circular dated August 1, 2013, and the joint news release of Cobriza and Candente Copper dated July 16, 2013, each of which is available on SEDAR at www.sedar.com.
About Candente Copper
Candente Copper is a mineral exploration company engaged in the acquisition, exploration and development of mineral properties. Candente Copper is currently focused on the exploration and development of its Cañariaco Norte copper project and the Cañariaco Sur and Quebrada Verde prospects located within the western Cordillera of the Peruvian Andes in the Cañaris District, Province of Ferreñafe, Department of Lambayeque in Northern Peru.
Cobriza is a TSX Venture Exchange listed mineral exploration company focused on the exploration and development of base metals mining projects in Peru and Latin America, initially focused on the exploration of three of its 100% owned projects: Arikepay, Don Gregorio and Miraflores.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this press release.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this new release.
None of the securities anticipated to be issued under the plan of arrangement have been or will be registered under the Securities Act of 1933, as amended, or any state securities laws, and such securities are anticipated to be issued in the United States pursuant to exemptions from such registration requirements. This press release shall not constitute an offer to sell or solicitation of an offer to buy any securities in any jurisdiction where such an offer or sale would be unlawful.
This news release contains "forward-looking information" within the meaning of applicable securities laws that are intended to be covered by the safe harbours created by those laws, including statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential", or the negative thereof or other variations thereof or comparable terminology. Such forward-looking information may include, without limitation, statements regarding the completion of the proposed transaction and other statements that are not historical facts. While such forward-looking information are expressed by each of Candente Copper and Cobriza, as stated in this release, in good faith and believed by each of Candente Copper and Cobriza to have a reasonable basis, they are subject to important risks and uncertainties including, without limitation, approval of applicable governmental authorities, the satisfaction or waiver of certain other conditions contemplated by the agreement between Candente Copper and Cobriza with respect to the Arrangement, and changes in applicable laws or regulations, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking information. As a result of these risks and uncertainties, the results or events predicted in these forward-looking information may differ materially from actual results or events. These forward-looking information are not guarantees of future performance, given that they involve risks and uncertainties. Neither Candente Copper nor Cobriza is affirming or adopting any statements made by any other person in respect of the proposed transaction and expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except in accordance with applicable securities or to comment on expectations of, or statements made by any other person in respect of the proposed transaction. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Reliance on forward-looking information is at investors' own risk.
On behalf of the Board of Cobriza Metals Corp.
Michael Thicke, M.Sc., P.Geo.
President and Director
On behalf of the Board of Candente Copper Corp.
Sean Waller, P.Eng.
President and Director
CZA: NR-011 DNT: NR-054
Manager, Investor Relations
mobile: +1 (604) 306-8477
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Investor Relations, Peru
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