Canasia Industries Corporation: Awarded Additional Coal Permits from Saskatchewan Governmentadmin
Canasia Industries Corporation has received approval from the Saskatchewan Ministry of Energy and Resources on coal permits covering 46,080 hectares (approximately 99,000 acres). Canasia has received partial applications to date from the Saskatchewan Government covering 51,520 hectares (approximately 127,250 acres), and management anticipates receiving additional permits in the near future. Once all applications have been received the board will establish a work plan for the coal prospects received.
Negar Towfigh, President of Canasia stated, “Canasia has already established a significant land position in regards to the amount of coal prospect permits we have been granted and we anticipate receiving approval for additional permits in the future. Management also is looking forward to drilling the gold/copper prospect at Reed Lake. Canasia has been establishing a drill program for over a year and appears to be ready to drill early in 2009. This is the flagship property for Canasia which also holds potash, coal, and other gold prospects.”