Cayden Resources Inc.
TSX VENTURE : CYD

Cayden Resources Inc.

November 12, 2010 13:48 ET

Cayden Resources Inc. Announces Proposed Share Split

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 12, 2010) - Cayden Resources Inc. (the "Company") (TSX VENTURE:CYD) announces that it will forward split all of the issued and outstanding shares of the Company on a basis of three (3) new common share for every one (1) existing common shares held, to be effected at the discretion of the Company's board of directors. The Company will not be changing its name, or trading symbol in conjunction with the proposed share split.

The Company's issued capital will be altered by splitting all of the 8,239,917 issued common shares without par value into 24,719,751 common shares without par value, every 1 common share being split into 3 common shares.

The Company has determined to proceed with the share split in order to provide increased liquidity in its stock.

The share split is subject to acceptance by the TSX Venture Exchange.

About Cayden Resources

Cayden is a junior mineral exploration company focused on the rapid exploration and development of high quality mining assets and financial professionals, Cayden is well financed with no debt. Cayden is also strongly committed to the highest standards for environmental management located primarily in North and South America. Managed by highly skilled and successful technical, 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.

Benjamin Gelber, B.Sc., P Geo. is the Qualified Person responsible for this news release.

Forward Looking and other Cautionary Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts that address property acquisition plans exploration drilling, exploitation activities and other related events or developments are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Cayden Resources Inc., investors should review the Company's public filings with available at www.sedar.com.

Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Cayden Resources Inc.
    Jay Adelaar
    Manager of Investor Relations
    (604) 683-8193 or Toll Free: 1-800-863-8655
    (604) 683-8194 (FAX)
    www.caydenresources.com