PMEA Blog

VANCOUVER, BRITISH COLUMBIA, Aug 28, 2009 (Marketwire via COMTEX) —-CADAN RESOURCES CORPORATION (TSX VENTURE:CNF) (the “Company”) announces that at the upcoming General Meeting of the Company’s Shareholders scheduled for October 21, 2009 (the “Meeting”), the Board of Directors will ask the shareholders to approve a five old for one new consolidation of the common shares of the Company (the “Consolidation”).

The Company currently has 168,371,570 common shares issued and outstanding, and, if the Consolidation is approved, will have approximately 33,674,314 common shares issued and outstanding.

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