Corriente Resources Closes Equity Financing

Corriente Resources Inc. completed the issue of $125 million of common shares pursuant to a short-form prospectus on May 25, 2006. The net proceeds of the offering will be used by Corriente for pre-construction activities directed at bringing its Mirador copper-gold project in Ecuador into production and for general working capital purposes. Corriente was represented in Canada by Bull, Housser & Tupper LLP, with a team that consisted of Marion Shaw and Jim Atherton; and in the US by Skadden, Arps, Slate, Meagher & Flom LLP, with a team that consisted of Christopher Morgan and Karen Papadopoulos.
The syndicate of underwriters, which was led by Canaccord Capital Corporation and included Desjardins Securities Inc., Sprott Securities Inc. and Wellington West Capital Markets Inc., was represented in Canada by Cassels Brock & Blackwell LLP, with a team that consisted of Jeffrey Roy, Lindsay Clements and Leigh-Ann McGowan; and in the US by Shearman & Sterling LLP, with a team that consisted of Adam Givertz and Lawrence Taylor.