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November 28, 2015 4:27 PM ET

Metals and Mining

Company Overview of Cancana Resources Corp

Company Overview

Cancana Resources Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Brazil and Canada. The company primarily explores for manganese deposits. It holds 32.5% interest in BMC manganese project in Brazil; and 49% interest in Dash Claims, Canada. The company was formerly known as Sola Resource Corp. and changed its name to Cancana Resources Corp. in January 2011. Cancana Resources Corp. was founded in 1980 and is headquartered in Calgary, Canada.

Sun Life Plaza West Tower

Suite 1600

144 4th Avenue SW

Calgary, AB T2P 3N4


Founded in 1980

Key Executives for Cancana Resources Corp

Chief Executive Officer, President and Director
Chief Financial Officer
Compensation as of Fiscal Year 2014.

Cancana Resources Corp Key Developments

Cancana Resources Corp Secures $2,000,000 Short-Term Loan

Cancana Resources Corp. reported that it has entered into a loan agreement for a short-term loan from its shareholder and joint venture partner, Ferrometals BV in the amount of USD 2,000,000 to be repaid on June 30, 2016 and bearing interest at a rate of 10% per annum. The use of proceeds of the Loan will be for general working capital purposes, including the settlement of a legacy issue in Brazil dating back to 2004.

Cancana Resources Corp. and Ferrometals Expand Land Package and Adds Second Drill Rig at Brazil Manganese Project

Cancana Resources Corp. and its joint venture partner Ferrometals, together the JV, announced the JV has purchased a new exploration license and added a second drill rig to its exploration program. With this new exploration license, the JV has added 3,923 ha, bringing the total land package to approximately 108,000 ha. The new drill rig is a man-portable rig that is ideal for working on hill slopes that would otherwise be inaccessible for a conventional rig. The second drill rig is on site and has been contracted for 2,000 meters of drilling, bringing the current Phase II drill program to 4,000 meters.

Cancana Resources Corp Presents at Proactive Investors One2One Forums - Melbourne, Oct-21-2015

Cancana Resources Corp Presents at Proactive Investors One2One Forums - Melbourne, Oct-21-2015 . Venue: CQ Melbourne - Events Room 1, 113 Queen Street, Melbourne, Victoria, Australia.

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