🕐15.04.11 - 18:27 Uhr
Cayden Graduates To Tier 1 On The TSX Venture Exchange
CAYDEN GRADUATES TO TIER 1 ON THE TSX VENTURE EXCHANGE
Vancouver, British Columbia – April 15th, 2011 – Cayden Resources Inc.
(TSXV:CYD) (“Cayden” or the “Company”) is pleased to announce that
the TSX Venture has approved the Company’s graduation to Tier 1 issuer status effective April 15th, 2011.
Tier 1 is reserved for the TSX Venture Exchange’s most advanced issuers with the most significant financial resources, and the benefits of Tier 1
status include decreased filing requirements and improved service standards.
President and CEO Ivan Bebek commented, “We are very pleased to have been graduated to Tier 1 of the TSX Venture Exchange, the highest listing
standard of the TSX Venture Exchange.
Cayden’s graduation is a recognition of the strength and quality of our current projects, management and
financial resources, and is another corporate step reflecting the growth of the Company.
Tier 1 status will provide Cayden with more flexibility to
increase its status in the investment community, and will facilitate further transactions” said Ivan Bebek, the Company’s President and Chief
Executive Officer.
In conjunction with the Tier 1 listing, shares of the Company currently held in escrow subject to an escrow agreement dated December 17, 2008 as
amended August 14, 2009 (the “CPC Escrow Agreement”) among the Company, Olympia Trust Company (the “Escrow Agent”) and certain escrowed
security holders, and an escrow agreement dated September 21, 2009 (the “Value Escrow Agreement”) among the Company, the Escrow Agent and Ivan
Bebek, Peter Rees, Shawn Wallace and Daniel McCoy will be subject to an accelerated release schedule.
On Behalf of the Board,
Ivan Bebek, President and CEO
About Cayden Resources Cayden is a junior mineral exploration company focused on the rapid exploration and development of high quality mining assets
located primarily in North and South America.
Managed by highly skilled and successful technical and financial professionals, Cayden is well financed
with no debt.
Cayden is also strongly committed to the highest standards for environmental management, social responsibility, and health and safety
for its employees and neighboring communities.
Cayden trades on the TSX Venture Exchange.
More information about Cayden is available at
www.caydenresources.com.
Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the Common Shares in
any jurisdiction in which such offer, solicitation or sale would be unlawful.
The Common Shares have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws and may not be offered or sold within the
United States or to, or for the benefit of, U.S.
persons (as defined in Regulation S under the U.S.
Securities Act) unless registered under the U.S.
Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
CAYDEN RESOURCES INC.
Suite 600-1199 West Hastings Street
Vancouver, BC
V6E 3T5
Telephone: (604) 683-8193
Facsimile: (604) 683-8194
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