Cardinal Resources Limited is pleased to announce that it has entered into an agreement with Clarus Securities Inc., on behalf of a syndicate of underwriters , pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 18,461,600 Ordinary Shares of the Company at a price of C$0.65 per Ordinary Share for aggregate gross proceeds to the Company of C$12,000,040 . The Company has agreed to
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