Mr. Robert Butchart reports
CADAN ANNOUNCES EXTENSION OF WARRANT TERM
Cadan Resources Corp. has extended 11 million common
share purchase warrants, exercisable at $1.10 per share, and having an original expiry
date of Dec. 8, 2012, by three years and will now expire on Dec. 8,
2015. These warrants were issued pursuant to the closing of a private placement financing as
announced by the company on Dec. 15, 2010. All other terms of the warrants remain the same.
The warrants are all held by Francois Marland, a director of the company.
The extension is subject to TSX Venture Exchange acceptance.
We seek Safe Harbor.
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