VANCOUVER, Oct. 5 /CNW/ - Canasia Industries Corporation (the "Company")
wishes to announce that it has entered into negotiations involving certain
mineral properties located within North America. A final decision is expected
shortly. Graeme Sewell stated "the goal of the board is to build the assets of
Canasia through the development of existing prospects or acquisition of new
prospects. Management is actively trying to attain this goal and is confident
that additional quality mineral prospects can be added at a time of
historically high commodity prices."
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