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Cancana Resources Corp Announces CAD25,000,000 Offering And Agents


Thursday, 21 Mar 2013 08:30am EDT 

Cancana Resources Corp announced that it has entered into an engagement agreement with Euro Pacific Canada Inc. and Jennings Capital Inc. as co-bookrunners and co-lead agents (the Agents) pursuant to which the Agents have agreed to act on behalf of Cancana in connection with a proposed private placement offering of up to CAD25,000,000 of debt or equity securities (or some combination thereof) (the Offering). Proceeds of the Offering will be used for the acquisition of 100% of the share capital and all associated assets, mineral claims and operations of Rio Madeira Comercio Importacao E Exportacao De Minerios, (Rio Madeira) as previously announced pursuant to the Company's press release dated February 8, 2013, (the Acquisition), capital improvements to the Valdirao manganese mine, and for general working capital purposes. 

Company Quote

0.165
0.0 +0.00%
19 Dec 2014