MONTREAL, May 8 /CNW Telbec/ - Cancor Mines Inc. (CNSX- KCR)
Cancor Mines Inc. is pleased to announce that its common shares commenced
trading on the Canadian National Stock Exchange ("CNSX") at the open of the
CNSX today, May 8, 2009, under the symbol "KCR".
"CNSX is a stock exchange alternative to traditional stock exchange where
high costs and large capitalization requirements are often barriers to trading
in junior securities. Responding to the consolidation of stock exchanges in
Canada, CNSX's founders identified the need for a low cost, streamlined stock
exchange - with an extremely high standard of disclosure."
Cancor Mines Inc. is a Canadian mining company that is engaged in the
exploration and development of properties with gold and base metal potential
in established mining camps in Canada and Algeria.
In Quebec, Cancor has two properties at advanced stages of development:
- Kistabiche Property: The Explo-Zinc deposit is located on Cancor's
Kistabiche property. Further exploration is on-going in order to locate
other mineral Resources.
- Gemini-Turgeon property: On-going exploration aims to confirm more gold
and base metal resources.
In Algeria, Cancor has commenced geological evaluation of four major
properties located in the southern Hoggar region. All the projects have
compelling gold potential.
- The Tan Chaffao properties (Tan Chaffao East and West) are for gold
and copper exploration in a massive sulfide environment in which
indications are favorable for a deposit.
- Cancor's two other Gold projects (In Ouzzal North and Tirek North)
encompass 100 kilometers of a major gold bearing structure which
currently host two gold deposits.
All Cancor Mines Inc. press releases are available on the company's
website at www.cancor.ca or on www.cnsx.ca.
This press release has been read and approved by Mr. Khobzi, Engineer and
qualified person within the meaning of NI-43-101.
Caution concerning forward-looking statements
This press release contains certain "forward-looking statements",
including. but not limited to, the statement regarding exploration work and
the emphasis on looking for a certain type of deposit. Forward-looking
statements involve a number of risks and uncertainties. There can be no
assurance that such statements will prove to be accurate. Actual results and
future events could differ materially from those anticipated in such
statements. Risks and uncertainties that could cause results or future events
to differ materially from current expectations expressed or implied by the
forward-looking statements include, among other things, those set forth in
Cancor's 2008 Annual Information Form, a copy of which can be obtained on the
SEDAR website at www.sedar.com.
For further information:
For further information: Mr. Khobzi, President, in Montreal, (514)