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July 29, 2015 6:29 AM 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

Canada

Founded in 1980

Key Executives for Cancana Resources Corp

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

Cancana Resources Corp Key Developments

Cancana Resources Corp. Commences First Ever Drill Program at BMC Manganese Project

Cancana Resources Corp. announced that the drill rig has arrived on site to commence a 2,000 meter exploration drilling program, and that the regional HeliTEM aerial geophysics program is now over 50% complete. Completion of this first phase of drilling will be an important step in providing further support for the geological model. The Company believes that the extensive colluvial mineralisation observed in the district has been sourced from deeper hydrothermal vein systems. The basement is poorly exposed and the position of the associated structures is not always clear. The aerial survey is designed to fast-track the identification of prospective structural corridors, and the initial drilling will test for the persistence of primary manganese oxide mineralisation in vein systems at depth.

Cancana Resources Corp. Announces Board Changes

Cancana Resources Corp. announced the appointment of Mr. Doug Willock to the company's board of directors, effective immediately. Mr. Willock recently completed a large corporate restructuring of a junior mining company in Brazil where he and his team eliminated $268.5 million in debt and secured $80 million in new project funding. The company also announced that due to time constraints, Mr. David Danziger has resigned from the board of directors with immediate effect.

Cancana Resources Corp, Annual General Meeting, Jul 02, 2015

Cancana Resources Corp, Annual General Meeting, Jul 02, 2015., at 10:00 US Eastern Standard Time. Location: Dentons Canada LLP. Agenda: To receive the audited financial statements of the corporation for the fiscal year ended December 31, 2014, together with the auditor's report thereon; to appoint Davidson and Company LLP as the auditor of the corporation for the upcoming year; to authorize the directors of the corporation to fix the auditors remuneration for the upcoming year; to elect directors of the corporation for the upcoming year; to consider, and, if thought advisable, to approve, with or without modification, an ordinary resolution of the corporation to re-adopt and re-approve the stock option plan of the corporation; and to transact such other business as may properly be brought before the meeting.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
April 23, 2015
--
Private Placement
December 22, 2014
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