VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/22/11 -- CADAN RESOURCES CORPORATION (TSX VENTURE: CXD)(FRANKFURT: A0MZ25) ('Cadan' or the 'Company') is pleased to announce that subject to regulatory acceptance, the Company is arranging a non-brokered private placement consisting of up to 8,333,333 units of the Company ('Units') at a price of $0.30 per Unit for gross proceeds of up to $2,500,000. Each Unit will
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