CADAN RESOURCES CORPORATION ("CXD")
BULLETIN TYPE: Private Placement-Non-Brokered, Remain Suspended
BULLETIN DATE: October 23, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 4, 2015, July 20, 2015 and August 26, 2015:
Third Tranche:
Number of Shares: 43,920,000 shares
Purchase Price: $0.05 per share
Warrants: 43,920,000 share purchase warrants to purchase 43,920,000 shares
Warrant Exercise Price: $0.10 for a one year period
Number of Placees: 1 Placee
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Share
Geschaft and Starke Asset Management
Limited (Severino Reyes Sumulong) Y 43,920,000
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. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
________________________________________
|
|
