|By Marketwired .||
|February 12, 2014 01:11 PM EST||
TORONTO, ONTARIO -- (Marketwired) -- 02/12/14 -- Cancana Resources Corp. (TSX VENTURE: CNY) (the "Company" or "Cancana") is pleased to announce that it has been recognized by the TSX Venture Exchange as one of the 2013 TSX Venture 50 companies, which is a ranking of strong performing companies listed on TSX Venture Exchange. These companies have shown impressive results in key measures of market performance and are rising stars of Canada's public markets. On average, these 50 companies delivered a return of 175% in 2013.
The 2013 TSX Venture 50 is comprised of 10 companies from each of five industry sectors: clean technology, diversified industries, life sciences, mining, oil & gas and technology. These companies were selected based on four equally weighted criteria: return on investment, trading activity, and analyst coverage and market capitalization growth.
Andrew Male, CEO and President of the Company commented; "The Board of Directors is very pleased to have received this noteworthy ranking and honor which also signals a strong endorsement of the efforts of the team at Cancana. In the past year Cancana has transitioned from pure exploration to becoming a producer of high-grade manganese ore. We are very pleased with these achievements and look forward to further continued growth and development of our manganese assets."
TSX Venture 50 Spotlight
An event for the TSX Venture 50 and members of the investment community will be held on April 1, 2014 in Calgary, Alberta. TSX Venture 50 companies will be presented to an audience including portfolio managers, investment bankers, research analysts and investment advisors. The event will feature award presentations, Q&A sessions and speaking opportunities, and will conclude with a networking reception.
About Cancana (TSX VENTURE: CNY)
Cancana Resources Corp. is an exploration stage company that has transitioned into production with assets in Brazil and Canada. The Company has been seeking projects that expand its resource base and provide for near term production and revenue. All available resource reports and information on the Company's properties are located on the Company website www.cancanacorp.com.
Issued on behalf of the Board of Directors of Cancana Resources Corp.
Mr. Andrew Male, CEO & Director
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The information in this news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this release, words such as "estimate", "expect", "anticipate" and "believe" as well as similar expressions are intended to identify forward-looking statements. Such statements are used to describe management's future plans, objects, and goals for the Company and therefore involve inherent risks and uncertainties. The reader is cautioned that actual results, performance or achievements may be materially different from those implied or expressed in such statements, which speak only as of the date, the statements were made. The Company does not update forward-looking statements continually as conditions change. We seek safe harbour.