VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 2, 2013) -Canaco Resources Inc. (TSX VENTURE:CAN) ("Canaco" or the "Company") announces as of December 31, 2012, Dave Sinitsin, Vice President Project Development, is no longer with the Company.
Canaco President and CEO Andrew Lee Smith said: "We thank Dave for his many contributions during his time here and wish him well in his future endeavours."
Canaco is a Vancouver-based mineral exploration company focused on advanced exploration projects in Africa. The Company has $90 million cash and no debt. Canaco's shares trade on the TSX Venture Exchange under the symbol CAN.
On behalf of the Board of Directors:
Andrew Lee Smith, P.Geo., President, CEO and Director