CADAN RESOURCES CORPORATION ("CXD") BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture BULLETIN DATE: March 6, 2014 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 21, 2014:
Convertible Debenture $861,045
Conversion Price: Convertible into units consisting of 10,763,064 common shares and 10,763,064 common share purchase warrant at $0.08 of principal outstanding with an expiry date of 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.
Interest rate: 12% per annum
Number of Placees: 6 placees
Insider / Pro Group Participation: Insider=Y / Name ProGroup=P # of Shares Dr. Douglas Evans Y 9,456,150 DR Corporate Services (Derick Sinclair) Y 949,800
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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