VANCOUVER, Feb. 18, 2014 /CNW/ -
Cayden Resources Inc. (TSX.V:CYD) ("Cayden" or the "Company") is pleased to announce that it has acquired the Shangri-la claim located within the El Barqueño Concessions in Jalisco, Mexico, which are fully optioned by Cayden. The Shangri-la claim lies adjacent to the Pena d'Oro target where drilling will commence shortly. Under the terms of the acquisition, Cayden is paying $100,000 for a 100% interest in the claim, which carries a 1.5% Net Smelter Return royalty (a "NSR") payable to a third party. Cayden has paid $20,000 on the signing of the agreement and $80,000 will be paid once the title for the claim is reg...
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