CADAN RESOURCES CORPORATION ("CXD")
BULLETIN TYPE: Shares for Debt, Amendment
BULLETIN DATE: November 30, 2015
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated November 27, 2015, the Exchange has accepted an amendment with respect to Shares for Debt announced October 29, 2015:
TSX Venture Exchange has accepted for filing the Company's proposal to issue 27,185,560 shares and 26,145,560 share purchase warrants to settle outstanding debt for $1,359,278.
Number of Creditors: 6 Creditors
Insider / Pro Group Participation:
Insider=Y / Amount Deemed Price
Creditor Progroup=P Owing per Share # of Shares
Mighty River International
(Song Kun) Y $904,000 $0.05 18,080,000
Ryan Sander Y $12,000 $0.05 240,000
Peter Robert Main Y $14,000 $0.05 280,000
Stephen Woods Y $26,000 $0.05 520,000
Warrants: 26,145,560 share purchase warrants to purchase 26,145,560 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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