VANCOUVER, British Columbia, September 22, 2022 (GLOBE NEWSWIRE) — Candente Copper Corp. (TSX:DNT, BVL:DNT) (“Candente Copper” or the “Company”) has appointed Steven Latimer, Jeremy Meynert as a director of the Company, Nascent Exploration Pty Ltd (“Nascent”), a wholly owned subsidiary of Fortescue Metals Group Limited (“Fortescue”), and a loan (the “Loan”) totaling $1,000,000 in principal amount due over a period of 12 months. Sometimes repay with 10% interest.
Giulio T. Bonifacio, Executive Chair of Candente Copper, commented: His capital market experience and track record of value creation in the mining sector will contribute significantly to Kandente Copper’s future success. In addition, the loan from Candente Copper’s largest shareholder, Fortescue, will provide the company with working capital as it evaluates various opportunities to advance the Cagnariaco copper project by advancing engineering and environmental research and drilling further. On the one hand, it shows their continued support. Feasibility study publication. ”
Mr. Latimer is Managing Director and Regional Head of the Americas at London-based Bacchus Capital Advisers. Bacchus Capital Advisers is an independent investment banking boutique specializing in the natural resources sector. Mr. Latimer said he has more than 30 years of experience as a leading global M&A advisor and has successfully raised numerous financings for mining companies, with a focus on operating and developing copper companies operating in the Americas. has led.
Previously, Mr. Latimer was Managing Director and Head of Canadian Investment Banking at Jefferies and served as Director and President of Jefferies Securities, Inc.
Mr. Latimer holds an Institute of Corporate Directors Director Designation (ICD.D) and holds an MBA from the Kellogg School of Management at Northwestern University and an HBA from the University of Western Ontario. Additionally, Mr. Latimer is his CFA Charterholder.
Meynert is Fortescue’s Head of Corporate Development. In this role, the publicly traded mining company is responsible for Fortescue’s trade-related corporate development activities, including managing Fortescue’s investment portfolio and structuring investment deals.
Previously, Mr. Meynert was Head of Business Development and Investor Relations at Resolute Mining Limited, responsible for corporate strategy, trading business development, fundraising, external relations and communications. Prior to that, Mr. Maynart was Vice President of Metals and Mining Investment Banking at Citigroup, based in London and Australia.
Mr. Meynert holds a Master’s Degree in Mining Engineering (Excellence), a Bachelor of Laws (Distinction), a Bachelor of Commerce (First Class Honors) and is admitted to practice as a lawyer.
The loan constitutes a “related party transaction” for purposes of Multilateral Agreement 61-101. Protection of Minority Shareholders in Special Transactions (“MI 61-101”), as Fortescue (through Nascent) owns 10% or more of our outstanding common stock. The Company relies on the waiver of the formal valuation and minority shareholder approval requirements under MI 61-101 for loans pursuant to Sections 5.5(a) and 5.7(1)(a) of MI 61-101. The fair market value of the loans does not exceed 25% of the Company’s market capitalization as determined in accordance with MI 61-101. The Company’s Board of Directors has approved the Loans and no material dissenting views or abstentions have been expressed or abstained by any of the Company’s Directors in connection therewith. The loan is still subject to Toronto Stock Exchange approval.
About Candente Copper
The company’s flagship projects are the Cagnariaco copper project, among which Cagnariaco Norte,th The world’s largest late-stage copper resource and 5th Highest grade (RFC Ambrian, December 2021 and Haywood, December 2021). In addition to Cañariaco Norte, the Cañariaco Copper Project includes the Cañariaco Sur and Quebrada Verde deposits, all within a 4km NE-SW trend in northern Peru’s rich mining district.
We are very pleased to include Cañariaco Norte in four research reports comparing various global copper projects. RFC Ambrian: Cañariaco Norte ranks among the top 10 of 23 projects that may involve M&A by third parties (December 2021). Heywood: Cañariaco Norte is one of 18 properties selected (December 2021) that are likely to be considered by major companies considering acquisitions. Deutsche Bank: Cañariaco Norte has been identified (February 2021) as one of three projects needed to meet the upcoming copper supply and demand gap. Goldman Sachs: Cañariaco Norte was identified with the lowest quarterly incentive copper price among the top 84 copper projects in the world (October 2018).
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking information within the meaning of Canadian securities laws (“forward-looking statements”). Forward-looking statements are generally identified by the following words: believe, expect, predict, intend, estimate, plan, assume and similar expressions or, by their nature, future A reference to an event. All statements that are not statements of historical fact are forward-looking statements, including, but not limited to, statements regarding the progress of the loan and its acceptance of TSX. These forward-looking statements are made as of the date of this press release. Although we believe the forward-looking statements in this press release to be reasonable, there can be no assurance that the expectations and assumptions in such statements will prove correct. We caution investors that our forward-looking statements are not guarantees of future results or performance and are subject to risks, uncertainties, assumptions and other factors. Forward-Looking Statements. Such factors and assumptions include, among other things, receipt of regulatory approvals and fluctuations in market conditions. Metal Prices; Miscellaneous Prices and Expenses. exchange rate; the company’s ability to obtain any necessary permits, consents, or authorizations for its activities; the ability to access additional financing and successfully or profitably produce minerals from the asset, continue projected growth, or fully execute its business strategy; In addition, there are known and unknown risk factors that could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by forward-looking statements.
Known risk factors include risks associated with exploration and project development. additional financing needs; mineral resource calculations; operational risks associated with mining and mineral processing. fluctuations in metal prices; title issues; government regulations; obtaining and renewing necessary licenses and permits; environmental liability and insurance; reliance on key personnel; Community opposition. currency fluctuations; labor disputes; competition; dilution; price and volume volatility of our common stock; future sale of shares by existing shareholders; Additional risk factors described in our Annual Information Forms and other filings with Canadian securities regulators are available at www.sedar.com. Although we have attempted to identify important factors that could cause actual actions, events or results to differ materially from those set forth in the forward-looking statements, we do not anticipate, estimate or Or there may be other factors that cause it to differ from what was intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, except as required by applicable securities laws.
On behalf of the Board of Directors of Candente Copper Corp.
“Julio T. Bonifacio”,representative
For more information, please contact:
Giulio T. Bonifacio
+1 604 318-6760
Candente Copper appoints Steven Latimer and Jeremy Maynert to board and arranges $1 million loan (Canadian Business Journal)
Source link Candente Copper appoints Steven Latimer and Jeremy Maynert to board and arranges $1 million loan (Canadian Business Journal)