CADAN RESOURCES CORPORATION ("CXD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 15, 2011
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 6, 2011:
Number of Shares: 16,370,000 shares
Purchase Price: $0.15 per share
Number of Placees: 12 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
Geologic Resource Fund Ltd. (George Ireland) Y 5,570,411
Geologic Resource Opportunities Fund Ltd. (George Ireland) Y 4,297,252
Geologic Resource Opportunities Fund LP (George Ireland) Y 1,085,609
Geologic Resource Fund LP (George Ireland) Y 4,046,728
Doug Evans Y 700,000
Derrick Sinclair Y 100,000
John Anderson Y 100,000
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.
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