April 1, 2014
Cayden Resources Inc. (TSX.V:CYD, OTCQX: CDKNF) ("Cayden" or the "Company")
is pleased to announce that it has completed its previously announced short form prospectus offering of 5,301,500 common shares, which includes 691,500 common shares issued on exercise of the over-allotment option, at an issue price of
per share for gross proceeds of
(the "Offering"). The Offering was conducted by a syndicate of underwriters led by Beacon Securities Limited and including Canaccord Genuity Corp. (the "Underwriters").
Under the Offering, the Underwriters received a total cash commission of
or 7% of the gross proceeds raised, and 159,045 common share purchase warrants entitling the Underwriters to purchase, within 24 months after closing of the Offering, common shares of the Company at
per common share.
On Behalf of the Board,
, President and CEO
About Cayden Resources
- Cayden is a junior mining company focused on delivering shareholder value through the acquisition, exploration and development of precious metal projects in
. The management team at Cayden is highly experienced with an impressive track record of success in the discovery, development and financing of mineral projects. Cayden is also strongly committed to the highest standards for environmental management, social responsibility, health and safety for its employees and neighboring communities. Cayden trades on the TSX Venture Exchange under the symbol "CYD" and "CDKNF" on the OTCQX.
For more information on Cayden Resources, please visit our website at
Forward Looking and other Cautionary Information
- Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Common Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within
the United States
or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements. Any public offering of securities in
the United States
must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
SOURCE Cayden Resources Inc.