00:23:11 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



Cadan Resources Corp (3)
Symbol CXD
Shares Issued 59,932,402
Close 2015-05-08 C$ 0.055
Market Cap C$ 3,296,282
Recent Sedar Documents

Cadan convertible debenture private placement

2015-09-14 16:08 ET - Private Placement - Debenture

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 25, 2015.

Convertible debentures:  $809,506 and $1,814,152

Conversion prices:  convertible into 6,745,884 units consisting of 6,745,884 common shares and 6,745,884 common share purchase warrants at 12 cents of principal outstanding until Dec. 1, 2015; and convertible into 18,141,520 units consisting of 18,141,520 common shares and 18,141,520 common share purchase warrants at 10 cents of principal outstanding until Dec. 1, 2016

Maturity dates:  Dec. 1, 2015, and Dec. 1, 2016

Warrants:  Each warrant in the $809,506 portion will have a term until Dec. 1, 2016, and entitle the holder to purchase one common share. The warrants are exercisable at the price of 12 cents. Each warrant in the $1,814,152 portion will have a term until July 1, 2017, and entitle the holder to purchase one common share. The warrants are exercisable at the price of 10 cents.

Interest rate:  12 per cent

Placees:  13

Insiders:  Dr. Corporate Services (Derick Sinclair) 933,690; Yuzheng Xie 7,539,130

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