TSX VENTURE COMPANIES:
CADAN RESOURCES CORPORATION ("CXD")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: January 8, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 12, 2013:
Convertible Debenture $2,546,362
Conversion Price: Convertible into 31,829,526 units consisting of 31,829,526 common shares and 31,829,526 common share purchase warrants at $0.08 per unit of principal outstanding until June 1, 2014.
Maturity date: June 1, 2014
Warrants Each warrant will have a term with an expiry date of June 1, 2015 and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.08 per share till the expiry date.
Interest rate: 12 % per annum
Number of Placees: 7 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Yuzheng Xie Y 14,379,038
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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