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As of 3:59 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

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cancana resources corp (CNY) Details

Cancana Resources Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Brazil and Canada. The company primarily explores for kimberlite and alluvial diamond, gold, and manganese deposits. Its principal project includes a series of manganese-bearing claims that consist of 45,000 contiguous hectares located in Rondonia, Brazil. The company was formerly known as Sola Resource Corp. and changed its name to Cancana Resources Corp. in January 2011. Cancana Resources Corp. was founded in 1980 and is headquartered in Calgary, Canada.

Founded in 1980

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cancana resources corp (CNY) Key Developments

Cancana Resources Corp Announces Executive Appointments

Cancana Resources Corp. at its Annual and Special meeting of shareholders held on July 31, 2014, Anthony Julien, previously the interim President and Chief Executive Officer of the company, was formally appointed by the new board of directors as President and Chief Executive Officer of the company, and Senator J. Trevor Eyton was appointed Chairman of the board of directors. Mr. Julien, was the interim President and CEO of the company and has served on Cancana's Board of Directors since April 2014. Mr. Julien is also CEO of Rio Madeira, CEO of Oregon Resource Corporation and President of Ferrometals Holdings. Before joining Ferrometals, Mr. Julien has started and sold various companies over the past 20 years.

Cancana Resources Corp. Announces Management Changes

Cancana Resources Corp. announced a change in the leadership of the corporation. Mr. Andrew Male's appointment as President and Chief Executive Officer has come to an end effective July 21, 2014. The board is announced that Mr. Anthony Julien has agreed to take on the role of interim President and CEO. This appointment reflects the transition of the corporation from a mining exploration company into a producing mining company with assets and operations in Brazil. Mr. Julien, the interim President and CEO, has served on Cancana's Board of Directors since April 2014. Mr. Julien is President of Ferrometals BV, a wholly-owned subsidiary of funds managed by The Sentient Group Limited, which develops industrial minerals projects in Brazil and the United States to provide products to both the agricultural and steel industries.

Cancana Resources Corp Auditor Raises 'Going Concern' Doubt

Cancana Resources Corp filed its Annual on May 30, 2014 for the period ending Jan 31, 2014. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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