CADAN RESOURCES CORPORATION ("CXD")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: April 8, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 7,905,000 shares and 4,309,000 share purchase warrants to settle outstanding debt for $395,250.
Number of Creditors: 8 Creditors
Insider / Pro Group Participation:
Insider=Y / Amount Deemed Price
Creditor Progroup=P Owing per Share # of Shares
Pacific Blue Holdings
(Monita Faris) Y $4,800 $0.05 96,000
Dr Corporate Services
(Derrick Sinclair) Y $25,000 $0.05 500,000
Peter Robert Main Y $150,000 $0.05 3,000,000
Warrants: 4,309,000 share purchase warrants to purchase 4,309,000 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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