CADAN RESOURCES CORPORATION ("CXD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: September 13, 2012
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the second tranche of a Non-Brokered Private Placement announced July 10, 2012 and August 13, 2012:
Number of Shares: 3,930,000 shares
Purchase Price: $0.15 per share
Warrants: 3,930,000 share purchase warrants to purchase 3,930,000 shares
Warrant Exercise Price: $0.20 for a one year period
$0.25 in the second year
Number of Placees: 8 placees
Finder's Fee: $40,425 payable to Goldinvest GmbH
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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