Cancana to acquire Brazilian miner Rio Madeira

Feb 11, 2013 | 11:59 AM | Daniel Fitzgerald

Tags  Cancana Resources, Rio Madeira, manganese mining, ferromanganese, Daniel Fitzgerald

NEW YORK — Cancana Resources Corp. said it has entered into an exclusive memorandum of understanding to purchase Brazilian manganese mining company Rio Madeira Comercio Importacao e Exportacao De Minerios.

The agreement—which includes Rio Madeira’s corporate entity and all of its associated assets, minerals claims and operations—is subject to the completion of due diligence and financing, which are set to expire April 30.....

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