Cadan Resources Corporation
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/05/12 -- Cadan Resources Corporation (TSX VENTURE: CXD)(FRANKFURT: AOMZ25) announces that further to the news release dated May 16, 2012 announcing a review by the British Columbia Securities Commission ("BCSC") of the Company's technical disclosure under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), the BCSC has indicated that they have no further comments resulting from their review at this time. The Company has accordingly been removed from the defaulting issuer's list.
For and on behalf of the board of directors,
Robert Butchart, President and CEO
For further information on Cadan Resources Corp., please visit our website at www.cadanresources.com or email us at info@cadanresources.com.
Forward-Looking Statements
This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These risks and uncertainties include the occurrence of unexpected delays in updating the technical report, issues around obtaining a NI 43-101 compliant resource estimate, and obtaining technical staff with appropriate designations or qualifications. While the forward-looking statements in this news release are based on what management believes to be reasonable, Cadan cannot assure investors that actual results will be consistent with these forward-looking statements.
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
Robert Butchart
President/CEO
(604) 687-0760
butch.cadan@gmail.com
Cadan Resources Corporation
John D. Anderson
Chairman
(604) 687-0760
(604) 628-5001 (FAX)
janderson@cadanresources.com
www.cadanresources.com
