CADAN RESOURCES CORPORATION ("CXD")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: September 7, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 8,000,000 shares and 8,000,000 share purchase warrants to settle outstanding debt for $400,000.
Number of Creditors: 1 Creditor
Insider / Pro Group Participation:
Insider=Y / Amount Deemed Price
Creditor Progroup=P Owing per Share # of Shares
Mighty River International Y $400,000 $0.05 8,000,000
Warrants: 8,000,000 share purchase warrants to purchase 8,000,000 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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