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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 16, 2012) - Cayden Resources Inc. (TSX VENTURE:CYD) ("Cayden" or the "Company") is pleased to announce that it has increased the non-brokered financing announced on August 8th from $4,200,000 to $5,095,000 as a result of the increased demand. The non-brokered private placement is now complete, gross proceeds of CAD$5,095,000 were raised by issuing 5,095,000 units (the "Units") of the Company at a price of CAD$1.00 per Unit (the "Offering"). Each Unit consists of one common share plus one half of one common share purchase warrant with each whole purchase warrant exercisable into a common share at a price of $1.50 for a period of 24 months from closing (the "Warrant"). The common shares and the common share purchase warrants are subject to a four month hold period expiring December 17, 2012. |
