Cancor Mines Inc.

Cancor Mines Inc.

June 17, 2008 11:06 ET

Cancor announces rights offering

MONTREAL, June 17 - Cancor Mines Inc. ("Cancor" or the
"Company") is pleased to announce that it will be offering rights to holders
of its common shares of record at the close of business on June 27, 2008 (the
"Record Date"). The offering will be made in British Columbia, Alberta,
Ontario and Quebec and in such other jurisdictions where the Company is
eligible to make such offering. Under the offering, each eligible shareholder
will receive, for each common share held as of the Record Date, one right
evidenced by a fully transferable certificate. Four rights and $0.14 will
entitle the holder to subscribe for one common share of the Company at any
time up to 4:00 p.m. on July 31, 2008.
A fully subscribed rights offering would raise gross proceeds of
approximately $1,486,680. The proceeds of the offering will be used for
general working capital.

Cancor Mines Inc. is a Canadian mining company engaged in the exploration
and development of properties with gold and base metal potential in
established mining camps.

Caution concerning forward-looking statements

This press release contains certain "forward-looking statements",
including, but not limited to, the statement regarding exploration work and
the emphasis on looking for a certain type of deposit. Forward-looking
statements involve a number of risks and uncertainties. There can be no
assurance that such statements will prove to be accurate. Actual results and
future events could differ materially from those anticipated in such
statements. Risks and uncertainties that could cause results or future events
to differ materially from current expectations expressed or implied by the
forward-looking statements include, among other things, those set forth in
Cancor's 2007 Annual Information Form, a copy of which can be obtained on the
SEDAR website at

Contact Information

  • For further information: Mr. Khobzi, President, (514) 849-3013; All
    recent Cancor Mines press releases are available on the Company's Website: