Cardinal Resources Receives Initial $1.1 Million Tranche; Equity Investment at $0.10 per Share from Asian Partner HSVW

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Home : Cardinal Resources Receives Initial $1.1 Million Tranche; Equity Investment at $0.10 per Share from Asian Partner HSVW

May 11 2016	Cardinal Resources Receives Initial $1.1 Million Tranche; Equity Investment at $0.10 per Share from Asian Partner HSVW
PITTSBURGH, PA --(Marketwired - May 10, 2016) - Cardinal Resources Inc. (OTC PINK: CDNL), a global producer of patented, solar powered, community-scale drinking water systems, today announced it has received an initial tranche of $1,116,000 in exchange for 11.16 million shares of the Company's unregistered common shares ($0.10/share), pursuant to its previously announced Letter of Intent with Hangzhou Sky Valley Water Technology Co., Ltd. ("HSVW").


Source:http://www.marketwired.com/mw/release.do?id=2123247&sourceType=3

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