Cannon Exploration Inc.: Update to Shareholders Wednesday May 7, 8:30 am ET
TORONTO--(MARKET WIRE)--May 7, 2008 -- Cannon Exploration Inc. (Other OTC:CNEX.PK - News), a North American mining company, is pleased to announce that effective May 7th, the company's website will be live http://www.cannon-exploration.com as well as an Investor Relations firm has been hired to take shareholder inquires at 1-866-365-4724. ADVERTISEMENT
The company plans to own several advanced mining properties in North America that will rapidly combine a balanced portfolio of exploration and development projects with the mining expertise of its technical and managerial teams to ensure future growth of the company. The result is a company with the share liquidity and market capitalization to provide value to investors. "As we move forward in considering exciting growth options for the company, I hope that in the coming months you will come to share that excitement with me as well," stated CEO Neil Sarran.
The company will be updating its shareholders with further announcements within the near future with regards to company projects and developments
Cannon Exploration Inc. Announces LOI to Acquire Gold Property Monday May 12, 8:30 am ET
TORONTO--(MARKET WIRE)--May 12, 2008 -- Cannon Exploration Inc. (Other OTC:CNEX.PK - News) is pleased to announce that it has entered into a Letter of Intent (LOI) agreement with IPMG Inc., an Ontario mineral resource exploration company, whereby IPMG has agreed to grant to Cannon Exploration Inc. an option to purchase up to 100% interest in the old "Queen Alexandria" gold mine, located in Northern Ontario. ADVERTISEMENT
The transaction is subject to a number of terms and conditions, including but not limited to, completion of satisfactory due diligence and the execution of a definitive option agreement.
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