Rizal Resources Corp.

Cadan Resources Corp. ("Cadan" or the "Company") is pleased to announce that it has successfully negotiated the refinancing of a total of $3,637,661 in principal and interest payable on maturity of convertible debentures that became due on June 21, 2012 and July 14, 2013. Pursuant to the refinancing, the Company will issue a total of 21,825,980 common shares and $2,546,362 of new convertible debentures. The new [...]

Vancouver, BC - Cadan Resources Corp. ("Cadan") today announces a change in senior management with Mr. Robert Butchart stepping down as CEO and COO and Mr. Peter Cunningham assuming the roles effective today. Mr. Butchart will retain the position of President and Director of the Company. The Company is confident that the new management structure will help assist the Company as it goes through a period of [...]

Cadan Resources is pleased to announce the appointment of Mr. Yuzheng Xie to the Board of Directors and to the position of Executive Chairman. He is appointed a Director, effective immediately. Mr Xie has an extensive steel material marketing and trading background and is a seasoned dealmaker with experience in securing project finance and capitalizing junior mining companies. He brings to Cadan a network of [...]

Cadan is pleased to announce that the Company's Philippines affiliate, Tribal Mining, has poured its first gold since the approval to commence commercial production at the T'Boli gold-silver mine. The first gold bars were poured at the TMC owned carbon-in-leach (CIL) processing plant in T'Boli, South Cotabato, Philippines. Between October 10th and November 30th, the T'Boli CIL plant milled 1,881 dry metric tons (DMT [...]

Cadan Resources Corporation (TSX VENTURE:CXD) (FRANKFURT:RFU1) ("Cadan" or the "Company") Pursuant its previously announced non-brokered private placement the Company has closed the final tranche consisting of 6,161,334 Units. On a combined basis the Company will have issued a total of 32,059,829 units for gross proceeds of $4,808,974.35.

Each Unit consists of one common share in the capital of the Company and one [...]

Over the last two years the Company has refurbished the Beehive underground workings through the 'Mofoko' portal, which has enabled the Company to expose access to known mineralized gold structures. Generally the time and capital cost it would have otherwise taken to develop these structures for production underground stoping would have been significant. However, the Company has already absorbed this cost as part of [...]

Cadan is pleased to announce that it is proposing to complete a private placement of up to 15,000,000 units of the Company at a price of $0.20 per unit for total proceeds of $3,000,000. Each Unit consists of one common share and one share purchase warrant of the Company. Each warrant is exercisable to acquire an additional common share for a period of 2 years from the closing date at a price of $0.27 per share.

The following corrects and replaces the release issued on November 14, 2012 on behalf of Cadan. The warrants expiration date has been corrected. Cadan Pursuant its previously announced non-brokered private placement the Company has closed on 10,300,000 Units to a Single Singapore based investor and will, upon completion of standard TSXV background check and approval, complete an additional 6,161,334 units to the same [...]

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/14/12 -- CADAN RESOURCES CORPORATION (TSX VENTURE: CXD)(FRANKFURT: AOMZ25) ("Cadan" or the "Company") Pursuant its previously announced non-brokered private placement the Company has closed on 10,300,000 Units to a Single Singapore based investor and will, upon completion of standard TSX-V background check and approval, complete an additional 6,161,334 units to the [...]

Cadan advises that Mining Group announced it has identified widespread gold mineralisation at Tagpura North, at the Comval Copper and Gold Project (Comval Project), located 90 km north of Davao City, Mindanao, in the Philippines. Mining Group's news release is reproduced in part below.