| Cancana Announces Grant of Stock Options | |
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TORONTO, ONTARIO--(Marketwired - Apr 28, 2014) - Cancana Resources Corp. (TSX VENTURE:CNY) (the "Company" or "Cancana") is pleased to announce that the board of directors of the Company has approved the grant of an aggregate of 3,500,000 options (the "Options") to purchase common shares of the Company to the directors of the Company. The Option are exercisable at a price of $0.23 per common share and on such terms and conditions as set out in the Company's stock option plan. All Options granted and any common shares issued upon their due exercise will be subject to a statutory four-month hold period. The granting of the Options are subject to regulatory acceptance of applicable filings. About Cancana Cancana is an exploration stage company that has transitioned into production with assets in Brazil and Canada. The Company has been seeking projects that expand its resource base and provide for near term production and revenue. All available resource reports and information on the Company's properties are located on the Company website: www.cancanacorp.com. Issued on behalf of the Board of Directors of Cancana Resources Corp. William Pfaffenberger, Chairman of the Board Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. This press release contains forward-looking information under Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Cancana to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Cancana and in its public documents filed on SEDAR from time to time. Although management of Cancana has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Cancana does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.
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Cancana Resources Corp.
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EXPLORATION STAGE |
CODE : CNY.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cancana Res is a gold exploration company based in Canada. Cancana Res holds various exploration projects in Brazil, in Canada and in Tanzania. Its main exploration properties are YAMBA LAKE and DASH in Canada, BANTU (CAROLINA) in Brazil and SHINYANGA in Tanzania. Cancana Res is listed in Canada and in United States of America. Its market capitalisation is CA$ 82.9 millions as of today (US$ 83.8 millions, € 62.0 millions). Its stock quote reached its lowest recent point on December 24, 2008 at CA$ 0.06, and its highest recent level on July 03, 2009 at CA$ 2.00. Cancana Res has 82 870 000 shares outstanding. |