Cadan Completes Private Placement
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/14/12 -- CADAN RESOURCES CORPORATION (TSX VENTURE: CXD)(FRANKFURT: AOMZ25) ("Cadan" or the "Company") Pursuant its previously announced non-brokered private placement the Company has closed on 10,300,000 Units to a Single Singapore based investor and will, upon completion of standard TSX-V background check and approval, complete an additional 6,161,334 units to the same investor. The Company has been informed by the TSX-V that it may take approximately three weeks to complete.
Each Unit consists of one common share in the capital of the Company and one share purchase warrant (the "warrants"). Each warrant is exercisable to acquire an additional common share for a period of 2 years at a price of $0.20 until November 7, 2012 and at a price of $0.25 until November 7, 2014.
On a combined basis, including subscriptions pending TSX-V approval, the Company will have issued a total of 32,059,829 units for gross proceeds of $4,808,974.35.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Cadan Resources Corporation
Robert Butchart
President / CEO
Cadan Resources Corporation
John D. Anderson
Chairman
Cadan Resources Corporation
604 687 0760
604 628 5001 (FAX)
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Unternehmensinformation / Kurzprofil:
Datum: 14.11.2012 - 21:03 Uhr
Sprache: Deutsch
News-ID 203717
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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"Cadan Completes Private Placement"
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