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Cayden Resources Inc.

Publié le 01 février 2013

Sells a Fraction of its Morelos Sur Gold Concession

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Mots clés associés :   Canada | G Mexico | K Street |

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Cayden Resources Sells a Fraction of its Morelos Sur Gold Concession for $15.7 million

Vancouver, British Columbia � February 1st, 2013 � Cayden Resources Inc. (TSX.V: CYD) (�Cayden� or the �Company�) is pleased to announce the sale by Cayden�s Mexican subsidiary LC Mines, S.A. de C.V. (�LCM�) of two blocks of the eastern portion (15%) of its Morelos Sur Concession �Morelos East Concession� to Desarrollos Mineros San Luis, S.A. de C.V. (�DMSL�), Goldcorp�s subsidiary which owns and operates the adjacent Los Filos mine in Guerrero State, Mexico.

The sale represents a total of 2,492 hectares of Cayden�s 17,076 hectare concession for a total cash consideration of $15,744,000 USD plus a royalty to Cayden, of which 50% of the cash will be paid on or before February 28, 2013 and the balance to be paid once the subdivided titles of the Morelos East Concession are registered in the name of DMSL.

DMSL will acquire the portion subject to a reserved royalty in favour of LCM plus the existing government royalty (2.5%). The reserved royalty to LCM is a sliding scale royalty commencing after the first 250,000 ounces, starting at 0.75% and up to 1.75% when gold is over $2500/ounce.

Please see Figure A below or visit our website at www.caydenresources.com for a map defining the sale.

Ivan Bebek, Cayden Resources CEO commented on the transaction: �We are very pleased to have reached mutually acceptable terms with Goldcorp in this partial concession sale and look forward to maintaining an excellent relationship with them moving forward. The funds received from this transaction will be used to continue to advance exploration programs at both of our Mexican gold properties. The remainder of the Morelos Sur concession hosts the La Magnetita and Las Calles areas that continue to be the project�s high value exploration targets.

 

On Behalf of the Board, ?

Ivan Bebek, 

President and CEO?

About Cayden Resources ?-? Cayden is a junior mining company focused on delivering shareholder value through the acquisition, exploration and development of precious metal projects located in North America. 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, and 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.

Forward Looking and other Cautionary Information? ?

Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release. ?This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.  The Common Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

 

Figure A � Cayden Resources Land Sale Boundaries � Morelos Sur Property

Morelos



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Cayden Resources Inc.

CODE : CYD.V
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Cayden Resources est une société d’exploration minière d'or basée au Canada.

Cayden Resources est cotée au Canada. Sa capitalisation boursière aujourd'hui est 99,9 millions CA$ (87,3 millions US$, 70,1 millions €).

La valeur de son action a atteint son plus haut niveau récent le 07 janvier 2011 à 4,74 CA$, et son plus bas niveau récent le 10 mai 2013 à 0,64 CA$.

Cayden Resources possède 41 610 000 actions en circulation.

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Financements de Cayden Resources Inc.
08/08/2012arranges a Non=2DBrokered Private Placement for $4.2 Million
Nominations de Cayden Resources Inc.
23/04/2012Appoints David M. Jones and Russell Starr to its Board of Di...
24/06/2011Adds To Its Board Of Directors
Projets de Cayden Resources Inc.
22/08/2013Samples 29 m of 3.1 g=2Ft Gold at El Barque=C3=B1o in a new ...
12/08/2013(Morelos Sur)Announces Drill Results From La Magnetita=2C Morelos Sur Con...
12/08/2013(Morelos Sur)Announces Drill Results from La Magnetita, Morelos Sur Conce...
18/07/2013Samples 35 M Of 3.0 G=2FT Gold At El Barque=C3=B1o And Disco...
17/09/2012Provides Updates On Mexican Projects
04/07/2012Expands The La Magnetita Target Area
18/04/2012Options the El Barque=C3=B1o Gold Property in Mexico=E2??s S...
23/03/2012Intersects 18.3 meters of 119 g=2Ft Silver=2C 2.73% Zinc and...
02/12/2011(Morelos Sur)Commences Drilling at Quartz Mountain Silver-Gold Project an...
08/09/2011to Commence Drilling at its Wildcat Copper-Gold Project Loca...
22/08/2011(Morelos Sur)Discovers New Mineralized Zone at Morelos Sur Gold Property ...
31/03/2011(Morelos Sur)Cayden Resources Provides Morelos Sur Gold Project Update
Communiqués de Presse de Cayden Resources Inc.
08/09/2014Agnico Eagle to Acquire Cayden Resources
28/03/2014drills 20m of 1.7 g/t Au at Azteca and adds second drill to ...
20/12/2013Grants Stock Options
04/09/2013Discovers More High Grades in Trenches at El Barqueno, Exten...
22/08/2013Samples 29 m of 3.1 g/t Gold at El Barqueno in a New Target ...
01/08/2013Clarifies Technical Disclosure
18/07/2013Samples 35 m of 3.0 g/t Gold at El Barqueño and Discovers Tw...
02/07/2013acquires 36=2C700 hectares around El Barque=C3=B1o
25/06/2013Samples 13 m of 8.3 g=2Ft Gold at El Barque=C3=B1o
25/06/2013Samples 13 m of 8.3 g/t Gold at El Barqueno
25/06/2013Samples 13 m of 8.3 g/t Gold at El Barqueno
03/06/2013Samples 21 M Of 8.3 G=2FT Gold At El Barque=C3=B1o
03/06/2013Samples 21 m of 8.3 g/t Gold at El Barqueno
10/05/2013samples 91m of 2.9 g=2Ft Gold at El Barque=C3=B1o
07/05/2013Provides A Corporate Update
01/02/2013(Morelos Sur)Sells a Fraction of its Morelos Sur Gold Concession
31/01/2013(Morelos Sur)Divides Morelos Sur Gold Concession and Re=2Dnegotiates Roya...
25/09/2012Commences Drilling At The La Magnetita East Target
16/08/2012Raises CAD$5.1 Million Through A Non=2DBrokered Private Plac...
26/07/2012Intercepts 20 Meters Of 6.39 G=2FT Gold In New Trench At La ...
10/07/2012Drills 28.5 Meters Of 3.21 G=2FT Au At Las Calles
06/06/2012Commences Drilling On The La Magnetita Target
31/05/2012Intercepts 24 m of 1.65 g=2Ft Gold in New Trench at La Magne...
16/05/2012Identifies Significant Gold In Soil Anomaly At La Magnetita
30/03/2012discovers new lower zone containing significant gold=2C silv...
05/03/2012Drills 14 meters of 4.2 g=2Ft Au at Las Calles and trenches ...
15/02/2012Intersects 15.2 meters of 188 g/t Silver, 5.3% Zinc and 4.7%...
19/05/2011Options Nevada Silver-Gold Properties
04/05/2011(Morelos Sur)Drills 15.3 Meters of 7.3 g/t Au at the Morelos Sur Gold Pro...
15/04/2011Graduates To Tier 1 On The TSX Venture Exchange
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