The TSX Venture Exchange has accepted for filing Cadan Resources Corp.'s proposal to issue 8,784,500 shares to settle outstanding debt for $439,225.

Creditors:  13

Insiders:  Allbeach Nominees Pty. Ltd. (Peter Cunningham) $35,000 owing, 700,000 shares at five cents; DR Financial Services Inc. (Derick Sinclair) $27,500 owing, 550,000 shares at five cents

The company shall issue a news release when the shares are issued and the debt extinguished.