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Provider: Reuters Investment Profile
Provider: GlobalData
Provider: GlobalData

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Cancana Resources Corp closes C$1.5 mln private placement and appoints new CFO

Tuesday, 25 Feb 2014 09:10am EST 

Cancana Resources Corp:Closes non-brokered private placement of Units, agreed to certain non-material amendments to the previously announced binding term sheet with The Sentient Group and appointed Jonathan Richards as CFO of Cancana.Effective Feb. 24, 2014, it has closed a non-brokered private placement offering for aggregate gross proceeds of about C$1,500,000.Issues an aggregate of 7,142,857 units, at a price of C$0.21 per unit.Each unit consists of one common share in the capital of the company and one common share purchase warrant.Each Warrant entitles the holder thereof to acquire one Common Share of the company at a price of C$0.27 until Feb. 24, 2016.Says appointment of Jonathan Richards to the position of Chief Financial Officer, effective Feb. 24, 2014. 

Company Quote

25 Mar 2015