More News Cancana Announces Extension of Warrants and Amendment to Grant of Stock Options
TORONTO, ONTARIO--(Marketwired - April 29, 2014) - Cancana Resources Corp. (TSX VENTURE:CNY) (the "Company" or "Cancana") is pleased to announce that an application has been approved by the Toronto Venture Exchange to extend the term of the 770,000 warrants issued by the Company on May 11, 2012 (the "Warrants"). The Warrants were scheduled to expire on May 11, 2014, but will now expire on May 11, 2015. All other terms of the Warrant will remain in effect. For additional information on the original issuance of the Warrants, please refer to the press release of the Company dated May 3, 2012 and filed on SEDAR.
Warrantholders are advised that replacement Warrant certificates will not be issued and that the original Warrant certificates must be presented to Cancana in order to effect the exercise of such Warrants.
Further to the news release dated April 28, 2014, the Company announces that it has reduced the number of options granted from 3,500,000 options to 3,200,000 options, in the aggregate. All other terms of the options as set out in the Company's news release of April 28, 2014 remain the same.
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