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Cancana Resources Announces $25 Mln Offering

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Cancana Resources Corp. (CNY.V) has entered into an engagement agreement with Euro Pacific Canada Inc. and Jennings Capital Inc. pursuant to which the agents have agreed to act on behalf of Cancana in connection with a proposed "best efforts" private placement offering of up to C$25 million of debt or equity securities.

The agents will be paid a cash commission equal to 6% of the gross proceeds raised as equity pursuant to the offering and 4% of the gross proceeds raised as debt pursuant to the offering.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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