CADAN RESOURCES CORPORATION ("CXD") BULLETIN TYPE: Shares for Debt BULLETIN DATE: December 2, 2013 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 21,825,980 shares at a deemed value of $0.05 per share to settle outstanding debt for $1,091,299. There will be 7,478,788 warrants issuable at an exercise price of $0.08 per share with an expiry date of June 1, 2015.
Number of Creditors: 7 Creditors
Insider / Pro Group Participation:
Insider=Y / Amount Deemed Price Creditor Progroup=P Owing per Share # of Shares Yuzheng Xie Y $492,996 $0.05 9,859,920
The Company shall issue a news release when the shares are issued and the debt extinguished. ________________________________________
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