VANCOUVER, Oct. 18, 2013 /CNW/ – Cayden Resources Inc. (TSX.V:CYD) (“Cayden” or the “Company“) is pleased to announce the appointment of Rene Carrier to the Board of Directors and as Chair of its Audit Committee.
Mr. Carrier is a past Vice President of Pacific International Securities Inc. where he worked for 10 years until 1991. Since that time he has been President of Euro-American Capital Corporation, a private company which specialized in restructuring, administration and raising venture capital funds for junior mining companies until 2012. Mr. Carrier is also an independent director of a number of TSX and TSX Venture Exchange listed companies.
President and CEO, Ivan Bebek states: “We are very pleased to be adding Mr. Carrier to our Board of Directors. Rene has extensive capital market experience and brings expertise in corporate governance, mergers and acquisitions and venture capital funding. Mr. Carrier has worked with several companies that have operated successfully in Mexico including Farallon Mining Ltd. which was purchased by Nyrstar NV in 2010 for $409 million.”
Cayden has issued 175,000 stock options to various directors, employees and consultants of the Company. The exercise price of the options is $1.58 being the 5-day volume weighted average share price prior to the grant date.
About Cayden Resources – Cayden is a junior mining company focused on delivering shareholder value through the acquisition, exploration and development of precious metal projects in Mexico. The management team at Cayden is highly experienced with an impressive track record of success in the discovery, development and financing of mineral projects. Cayden is also strongly committed to the highest standards for environmental management, social responsibility, health and safety for its employees and neighboring communities. Cayden trades on the TSX Venture Exchange under the symbol “CYD”. For more information on Cayden Resources, please visit our website at www.caydenresources.com
Cautionary Information – Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.
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