December 10, 2016 9:46 PM ET

Metals and Mining

Company Overview of Cancana Resources Corp

Company Overview

As of November 28, 2016, Meridian Mining Societas Europaea was acquired by Ferrometals BV. Meridian Mining Societas Europaea, 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. The company was formerly known as Cancana Resources Corp. and changed its name to Meridian Mining Societas Europaea in November 2016. Meridian Mining Societas Europaea was founded in 1980 and is headquartered in Vancouver, Canada.

650 West Georgia Street

Suite 620

Vancouver, BC V6B 4N9

Canada

Founded in 1980

Phone:

604- 681-0405

Key Executives for Cancana Resources Corp

Cancana Resources Corp does not have any Key Executives recorded.

Cancana Resources Corp Key Developments

Cancana Resources Corp, Annual General Meeting, Nov 14, 2016

Cancana Resources Corp, Annual General Meeting, Nov 14, 2016, at 10:00 Pacific Standard Time. Location: Royal Collingwood Golf Club 629 Goldstream Ave. Victoria, B.C., V9B 2W9 Canada Agenda: To receive the audited financial statements of the company for the fiscal year ended December 31, 2015, together with the auditor's report thereon; to appoint Davidson & Company LLP as the auditor of the company for the ensuing year; to authorize the directors of the company to fix the auditors remuneration for the ensuing year; to set the number of directors at five; to elect the directors; to consider re-adopt and re-approve the stock option plan of the company; to approve an arrangement under Section 288 of the Business Corporations Act; and to transact such further or other business.

Cancana Resources Corp. Announces Renegotiation and Extension of Short-Term Loan from Ferrometals BV

Cancana Resources Corp. reported that it has renegotiated the interest rate and extended the USD 2 million loan agreement from Ferrometals BV which was due on June 30, 2016 and was announced on November 6, 2015. The extended loan agreement has a new repayment date of November 30, 2016 and the interest rate for the extension period will be reduced to 0% per annum. To date the company has drawn down USD 750,000 of the USD 2,000,000 available. The remaining balance of the loan will be used for general working capital purposes, including the settlement of a legacy issue in Brazil dating back to 2004.

Cancana Resources Corp Auditor Raises 'Going Concern' Doubt

Cancana Resources Corp filed its Annual on Apr 25, 2016 for the period ending Dec 31, 2015. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Similar Private Companies By Industry

Company Name Region
0796839 B.C. Ltd. Americas
1031216 B.C. Ltd. Americas
1077086 B.C. Ltd. Americas
13 Mining Titles in Opinaca Americas
1330275 Ontario Ltd. Americas

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 21, 2016
--
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Cancana Resources Corp, please visit www.cancanacorp.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.