Canaco Resources Ltd. Private Placement.WEST VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--March 17, 1999--Canaco Resources Ltd. (the "Company") is pleased to announce that it has entered into an agreement with British Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. Mines Limited ("British Canadian") for a $200,000 private placement. British Canadian is subscribing for 666,667 units in the Company at a price of $0.30 per unit, and each unit consists of one common share and one share purchase warrant entitling the holder to purchase an additional common share of the Company for two years at a price of $0.30 per share. This private placement is subject to regulatory approval. The proceeds from this private placement will be used for general working capital and for the payment of exploration expenditures. On behalf of the Board of Directors of CANACO Mexico´s Local Chambers of Commerce all of whom are affiliated to CONCANACO (Confederation of the National Chambers of Commerce). RESOURCES LTD. "Malcolm Malcolm, Máel Coluim, or Maol Choluim may refer to: Nobility
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