Replies to post #40362 on Cannon Exploration Inc. (fka CNEX)

[candiceangel]

great answer - thank you!!!!!

[bigstocksnbonds]

balihi----Thanks for explaining a JV, better than I could.

I also appreciate your clarifying that CNEX would get say, 5% of the proceeds from the mining, and the other, larger company would get 95% of the proceeds, in a joint venture, but that the larger company would pay for all the large costs of the drilling, and the actual mining.

I am assuming a JV would cause the share price of CNEX to go up significantly, too.

This is my last post for today, as I have reached 15 posts now!

[Carnac]

Bahli this just such an occurrance that was PRed yesterday

Toronto, October 22, 2010 -- The Directors of ***** MINES LIMITED (TSX-V: ***) ("*****") are pleased to announce that the Company is acquiring a 100% interest in a four-unit claim as part of its Borden Lake project near Chapleau, Ontario. The claim can be purchased by the Company for a cash payment of $15,000 and the issuance of 20,000 shares. The vendor will maintain a 0.5% net smelter royalty which can be purchased by the Company for $500,000. The transaction is subject to regulatory approval.