Cadan Resources Corporation: Share Consolidation
October 23 2009 - 12:35PM
Marketwired
CADAN RESOURCES CORPORATION (TSX VENTURE: CNF) (the "Company")
announces that shareholders of the Company approved the
consolidation of all of the issued and outstanding common shares in
the capital of the Company on a five old for one new basis (the
"Consolidation") at the general meeting of its shareholders held on
October 21, 2009 (the "Meeting"). A total of 62 shareholders
holding 42,086,890 common shares voted at the Meeting with
38,680,020 shares (92.7%) voted in favour of the Consolidation and
3,030,370 shares (7.3%) voted against the Consolidation.
The Consolidation is subject to TSX Venture Exchange
acceptance.
Cadan Resources Corporation is a junior exploration company with
operations in the Philippines and Colombia and trades on the TSX
Venture Exchange (Canada) with trading symbol CNF-V.
On behalf of the board of directors,
Brett Taylor, President & CEO
This press release contains forward-looking information within
the meaning of Canadian securities laws. Such information includes,
without limitation, information regarding the TSX Venture Exchange
acceptance of the Consolidation. Although the Company believes that
such information is reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking information
is typically identified by words such as: believe, expect,
anticipate, intend, estimate, postulate and similar expressions, or
are those, which, by their nature, refer to future events. The
Company cautions investors that any forward-looking information
provided by the Company are not guarantees of future results or
performance, and that actual results may differ materially from
those in forward looking information as a result of various
factors, including, but not limited to, the state of the financial
markets for the Company's equity securities, the state of the
market for gold or other minerals that may be produced generally,
recent market volatility; variations in the nature, quality and
quantity of any mineral deposits that may be located, the Company's
ability to obtain any necessary permits, consents or authorizations
required for its activities, to raise the necessary capital or to
be fully able to implement its business strategies and other risks
associated with the exploration and development of mineral
properties. The reader is referred to the Company's most recent
annual and interim Management's Discussion and Analysis for a more
complete discussion of such risk factors and their potential
effects, copies of which may be accessed through the Company's page
on SEDAR at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Cadan Resources Corporation John Anderson Director
604-307-7721 john@purplefish.ca Cadan Resources Corporation Matthew
Bell 604-910-4908 mattcnf@yahoo.ca www.cadanresources.com
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