Kanosak Capital Acquires Property in Mauritania; Shakes Up Board

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Kanosak Capital Venture Corporation (KKV.V) has acquired a 90% interest in the Societe Mauritanienne d'Exploration ( SEM ) from Wafa Mining and Petroleum S.A., a Mauritanian company. SEM has the right to prospect and develop the Kneivissat 2 license, an 830-square-kilometer property in close proximity to the Tasiast mine in north-western Mauritania. Kanosak issued 100,000 common shares and paid US$100,000 in cash.

In other news, the company also announced the resignation of Jean-Francois Ruel and Jean Desmarais from their positions with the Corporation and that Francois Auclair and Benoit La Salle have been appointed to replace them as directors.



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This article appears in: Investing , Commodities

Referenced Stocks: SEM

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