Canico Resource Corp.
TSX : CNI

Canico Resource Corp.

September 15, 2005 09:00 ET

Canico Resource Corp.: Bank Advisory Engagement Extended

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 15, 2005) - Canico Resource Corp. (TSX:CNI) has amended and extended the term of the agreement announced November 18, 2003, (see Canico news release 19-03), between Canico and its advisory banks, Barclays Capital and Canadian Imperial Bank of Commerce.

The amendment extends the advisory engagement to March 2006. There are no new work fees under this extension. The amendment also extends the term of the compensation warrants held by the advisors so that they will now expire on November 17, 2009, instead of November 17, 2007.

Canico is a Canadian-based junior resource company focused on the development of the Onca Puma nickel laterite project located in Para State, Brazil.

CANICO RESOURCE CORP.

J. Michael Kenyon, President & Chief Executive Officer


Contact Information

  • Canico Resource Corp.
    J. Michael Kenyon
    President & Chief Executive Officer
    (604) 669-9446
    (604) 669-9447 (FAX)
    www.canico.com