Cobriza Metals Corp. Receives Final Court Order For Arrangement With Candente Copper Corp.
September 10 2013 - 6:17PM
Marketwired Canada
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
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 Canariaco Norte copper project
and the Canariaco Sur and Quebrada Verde prospects located within the western
Cordillera of the Peruvian Andes in the Canaris District, Province of Ferrenafe,
Department of Lambayeque in Northern Peru.
About Cobriza
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.
Forward-Looking Information
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
FOR FURTHER INFORMATION PLEASE CONTACT:
Walter Spagnuolo
Manager, Investor Relations
mobile: +1 (604) 306-8477
local: + 1 (604) 689-1957 ext 3
Nataly Reategui
Investor Relations, Peru
Tel.: (511) 715-2001 ext 107
nreategui@candente.com
info@cobrizametals.com
www.cobrizametals.com
info@candentecopper.com
www.candente.com
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