Symbol: CNG - TSX.V
VANCOUVER, June 22 /CNW/ - Mr. Ray Paquette is pleased to announce
Canadian Mining (the "Company") has acquired 100% of the 2% net smelter return
royalty (NSR) previously held by Exploraciones San Bernardo S.A. de C.V. on
the Company's San Bernardo Project, Alamos Mining district Sonora, Mexico.
Under the terms of the buyout agreement with Exploraciones San Bernardo,
the Company's subsidiary Canmin Mexico S.A. de C.V. now owns 100% of its
titled concession with no outstanding royalties.
The purchase of the NSR is a continuation of the Company's strategy of
improving the potential economics of its San Bernardo project. The completion
of the buyout of the NSR royalty results in there being no royalty burdens by
any third parties over this core property and subsequently creates a valuable
asset for future negotiations for Canadian Mining.
Canadian Mining is a well-diversified company with stable management and
an excellent potential for growth. The Company is engaged in the exploration
and development of precious and base metals in the Alamos Mining District in
Sonora, Mexico, the Bullard Mining District in Arizona and the exploration,
development and production of industrial minerals in Canada.
On behalf of the Board
Ray Paquette CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: please visit www.canadianmining.ca