VANCOUVER, April 1, 2014 /CNW/ - 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 CAD$1.70 per share for gross proceeds of
CAD$9,012,550 (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 CAD$630,879 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
CAD$1.70 per common share.
On Behalf of the Board, Ivan
Bebek, 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 Mexico. 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 www.caydenresources.com.
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.