05:23:21 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Cadan Resources Corp (3)
Symbol CXD
Shares Issued 118,319,402
Close 2015-11-30 C$ 0.035
Market Cap C$ 4,141,179
Recent Sedar Documents

Cadan Resources shares-for-debt amendment

2015-11-30 20:12 ET - Shares for Debt

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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