CADAN RESOURCES CORPORATION ("CXD")
BULLETIN TYPE: Shares for Debt, Remain Suspended
BULLETIN DATE: July 23, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 24,796,200 shares and 24,796,200 share purchase warrants to settle outstanding debt for $1,239,810.
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 $659,630 $0.05 13,192,600
Warrants: 24,796,200 share purchase warrants to purchase 24,796,200 shares
Warrant Exercise Price: $0.10 for a one year period
The Company shall issue a news release when the shares are issued and the debt extinguished.
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