Cancor Raises $240,000 Pursuant To Private Placement

Posted December 31st, 2007 by ruzik_tuzik

Cancor Mines is pleased to announce it has completed a private placement of 960,000 flow-through shares at a price of $0.25 per share which generated gross proceeds of $240,000.

Cancor will use the proceeds to incur Canadian exploration expenses on its properties in Quebec.

Cancor Mines Inc. is a Canadian mining company involved in the exploration and development of properties with high potential for precious or base metals in recognized mining camps. -- www.cnxmarketlink.com

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