Further to Cadan Resources Corp.'s TSX Venture Exchange bulletin dated Nov. 27, 2015, the exchange has accepted an amendment.
The TSX-V 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.
Creditors: six
INSIDERS
Amount Price Shares
Mighty River International
(Song Kun) $904,000 $0.05 18,080,000
Ryan Sander $12,000 $0.05 240,000
Peter Robert Main $14,000 $0.05 280,000
Stephen Woods $26,000 $0.05 520,000
Warrants: 26,145,560 share purchase warrants to purchase 26,145,560 shares
Exercise price: 10 cents 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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