Cane Corporation in joint venture

Cane Corp. reports it has a joint venture agreement with Cominco Ltd. to test several geophysical conductors in the Grassberry River area of Saskatchewan.

Cane says it can earn a 40% beneficial interest in the Cominco properties by funding an expenditure of $400,000, and has arranged funding through sale of flow-through shares, to fund the program.

Cominco has been active in the area for several years, on grass roots exploration programs.