Stocks and Investing Stocks and Investing
Tue, November 20, 2012
Mon, November 19, 2012
[ Mon, Nov 19th 2012 ] - Market Wire
Learjet 85 Jet Gets its Wings
Sun, November 18, 2012
Sat, November 17, 2012
Fri, November 16, 2012
[ Fri, Nov 16th 2012 ] - Market Wire
Company Announcement
[ Fri, Nov 16th 2012 ] - Market Wire
Placing
Thu, November 15, 2012
Wed, November 14, 2012
[ Wed, Nov 14th 2012 ] - Market Wire
Block Listing
Tue, November 13, 2012
Mon, November 12, 2012

Cadan Completes Private Placement


//stocks-investing.news-articles.net/content/2012/11/15/cadan-completes-private-placement.html
Published in Stocks and Investing on Thursday, November 15th 2012 at 9:16 GMT by Market Wire   Print publication without navigation


November 15, 2012 11:54 ET

CORRECTION FROM SOURCE: Cadan Completes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2012) -

NOT FOR DISTRIBUTION IN THE UNITED STATES

The following corrects and replaces the release issued on November 14, 2012 on behalf of Cadan Resources Corporation. The warrants expiration date has been corrected.

CADAN RESOURCES CORPORATION (TSX VENTURE:CXD)(FRANKFURT:AOMZ25) ("Cadan" or the "Company") Pursuant its previously announced non-brokered private placement the Company has closed on 10,300,000 Units to a Single Singapore based investor and will, upon completion of standard TSXV background check and approval, complete an additional 6,161,334 units to the same investor. The Company has been informed by the TSXV that it may take approximately three weeks to complete.

Each Unit consists of one common share in the capital of the Company and one share purchase warrant (the "warrants"). Each warrant is exercisable to acquire an additional common share for a period of 2 years at a price of $0.20 until November 7, 2013 and at a price of $0.25 until November 7, 2014.

On a combined basis, including subscriptions pending TSXV approval, the Company will have issued a total of 32,059,829 units for gross proceeds of $4,808,974.35.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.




Publication Contributing Sources