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Canasia Industries Corporation ("Canasia") wishes to announce that it has made coal permit applications encompassing four townships (approximately 92,000 acres) in east central Saskatchewan. The granting of any of these permits is expected to be determined at a date in the future according to the Government of Saskatchewan representatives that company officials have been speaking with. There are no guarantees that any of these proposed permits will be awarded to Canasia. A news announcement regarding these permits will be released upon receipt of the Government of Saskatchewan's permitting process.
Graeme Sewell, a director of Canasia stated, "If we are successful on these permits that would add another dimension to Canasia's growth plan. The coal sector within East Central Saskatchewan has been quite active recently, and management believes having an opportunity to potentially acquire permits in the area fits into the corporate strategy of maximizing shareholder value by the acquisition of significant land positions."
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