CADAN RESOURCES CORPORATION ("CXD")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: May 27, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 4,492,500 shares and 4,492,500 share purchase warrants at a deemed value of $0.05 per unit to settle outstanding debt for $224,625.
Number of Creditors: 4 Creditors
Warrants: 4,492,500 share purchase warrants to purchase 4,492,500 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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