Update: Cardinal Resources Equity Financing With Chinese Firm and Distribution JV With Global Support and First China Mobile Red Bird System

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Home : Update: Cardinal Resources Equity Financing With Chinese Firm and Distribution JV With Global Support and First China Mobile Red Bird System

Jan 12 2016	Update: Cardinal Resources Equity Financing With Chinese Firm and Distribution JV With Global Support and First China Mobile Red Bird System
HANGZOU, CHINA and PITTSBURGH, PA--(Marketwired - January 11, 2016) - Cardinal Resources Inc. (OTC PINK: CDNL), a global producer of patented, solar powered, community-scale drinking water systems, and China-based Hangzhou Sky Valley Water Technology Co., Ltd. ("HSVW") are completing a series of meetings focused on the completion of the two tranche $7.5 million equity investment and the establishment of a China Joint Venture as well as evaluating the site for the first system deployment near Suzhou City. On December 16, 2015, Cardinal Resources announced it had signed a definitive Stock Purchase Agreement with HSVW.


Source:http://www.marketwired.com/mw/release.do?id=2086763&sourceType=3

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