New Issue: Candente arranges C$3.72 million private placement of stock

By Sheri Kasprzak

Atlanta, April 20 - Candente Resource Corp. said it plans to raise C$3,725,000 in a non-brokered private placement.

The offering includes up to 7.45 million shares at C$0.50 each to institutional investors.

Based in Vancouver, B.C., Candente is a gold and copper exploration company. It plans to use the proceeds to fund exploration and development on its mineral properties and for general corporate purposes.

Issuer:	Candente Resource Corp.
Issue:	Stock
Amount:	C$3,725,000 (maximum)
Shares:	7.45 million (maximum)
Price:	C$0.50
Warrants:	No
Pricing date:	April 20
Stock price:	C$0.66 at close Nov. 17, 2004 (last trade)

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