News: Deals: Reports

International Precious Mineral Group Inc-Queen Alexandria Gold Mine & Cannon Exploration Inc	Update Date: 05/13/08
Date Announced: 05/13/08
Value (million $USD): n/a

Status: Pending

TRANSACTION DETAILS
Date Announced	05/13/08
Date Originally Announced	05/13/08
Format	Acq. Maj. Int.	Acquisition techniques	Divestiture
Attitude	Friendly	Agency	n/a
Value	n/a	Advisor Fees	n/a

SYNOPSIS
CANADA - Cannon Exploration Inc was granted an option to acquire up to 100% interest in Queen Alexandria gold mine, of International Precious Minerals Group Inc {IPMG Inc}, a mining company. The transaction is subject to due diligence.

TARGET
Name	International Precious Mineral Group Inc-Queen Alexandria Gold Mine
Industries	n/a
City	n/a
State	n/a
Nation	Canada
Incorporated in	n/a
Public Status	Subsidiary
Business Description	Queen Alexandria gold mine of International Precious Minerals Group Inc {IPMG Inc}, located in Ontario, Canada, is a gold mine.
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	Cannon Exploration Inc (Pink Sheet : CNEX)
Industries	Silver ores; Miscellaneous metal ores, nec; Copper ores; Metal mining services
City	Mississauga
State	n/a
Nation	Canada
Incorporated in	n/a
Public Status	Public
Business Description	Cannon Exploration Inc, located in Mississauga, Canada, is a mining company. The company specializes in precious metals mining. The company was founded in 1983.
Advisors	NULL
Acquiror Sales	n/a

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