Canaco Resources 12,013,500-share private placement

Canaco Resources Inc (C:CAN)
Shares Issued 32,431,236
Last Close 4/14/2008 $0.295
Tuesday April 15 2008 - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Feb. 12, 2008.

Shares:  12,013,500

Price:  20 cents

Warrants:  6,006,750 share purchase warrants to purchase 6,006,750 shares

Exercise price:  35 cents for a two-year period

Hidden placees:  96

Insiders:  Randy Smallwood 250,000; Brian Lock 137,500; Geoffrey D. Peretz 17,500; David Parsons 35,000; Andrew E. Saxton 30,000

Pro groups:  Thomas W. Seltzer 150,000; Antonio Migliarese 50,000; David Elliott 100,000; David Shepherd 50,000; Batell Investments Ltd. (Ken Bates/David Elliott) 50,000; Andrew Williams 100,000; Petco (Peter L. Martini/Angelo P. Comi) 100,000; Christine Cappuccitti 50,000; John Comi 40,000; Jill Anglin 100,000

Finders' fees:  Ascenta Finance Corp. -- $72,520 and 362,600 agent's warrants that are exercisable into units at a price of 20 cents per unit with the same terms as the offering (warrants non-transferable); Haywood Securities Inc. -- $23,600 and 118,000 agent's warrants that are exercisable into units at a price of 20 cents per unit with the same terms as the offering (warrants non-transferable); Topleft Securities Ltd. -- $15,000 and 75,000 agent's warrants that are exercisable into units at a price of 20 cents per unit with the same terms as the offering (warrants non-transferable); Leede Financial Markets Inc. -- $15,250 and 76,250 agent's warrants that are exercisable into units at a price of 20 cents per unit with the same terms as the offering (warrants non-transferable); Canaccord Capital Corp. -- $5,250 and 26,250 agent's warrants that are exercisable into units at a price of 20 cents per unit with the same terms as the offering (warrants non-transferable); LOM Capital Ltd. -- $20,000 and 100,000 agent's warrants that are exercisable into units at a price of 20 cents per unit with the same terms as the offering (warrants non-transferable); Jennings Capital Inc. -- $1,330 and 6,650 agent's warrants that are exercisable into units at a price of 20 cents per unit with the same terms as the offering (warrants non-transferable); Loeb Aron & Company Ltd. -- $6,720 and 33,600 agent's warrants that are exercisable into units at a price of 20 cents per unit with the same terms as the offering (warrants non-transferable)

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