Cadan Announces Refinancing of Convertible Debentures
Nov 12, 2013 -- VANCOUVER, BC - CADAN RESOURCES CORPORATION ("Cadan" or the "Company") is pleased to announce that it has successfully negotiated the refinancing of a total of $3,637,661 in principal and interest payable on maturity of convertible debentures that became due on June 21, 2012 and July 14, 2013. Pursuant to the refinancing, the Company will issue a total of 21,825,980 common shares and $2,546,362 of new convertible debentures. The new convertible debentures will be convertible into common shares of the Company at a price of $0.08 per share until ...
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