CADAN RESOURCES CORPORATION ("CXD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 31, 2011
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche a Non-Brokered Private Placement announced August 22, 2011:
Number of Shares: 4,560,667 shares
Purchase Price: $0.30 per share
Warrants: 4,560,667share purchase warrants to purchase 4,560,667 shares
Warrant Exercise Price: $0.45 for a two year period
Number of Placees: 15 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
Dr. Doug Evans Ltd. Y 500,000
Finders' Fees: Werner Keller - 101,045 Finder's Units. Each unit consists of one share and one warrant that is exercisable into a common share at $0.45 per share for a two year period.
Goldinvest GmbH (Werner Ullman) - 79,048 Finder's Units. Each unit consists of one share and one warrant that is exercisable into a common share at $0.45 per share for a two year period.
SC Strategy Consult AG (Felix Ludwig) - 79,047 Finder's Units. Each unit consists of one share and one warrant that is exercisable into a common share at $0.45 per share for a two year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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