TORONTO, April 29 /CNW/ - Cadman Resources Inc. (CUZ.H) (the "Company" or "Cadman") is pleased to announce that it has filed its audited financial
statements for the year ended December 31, 2010 and the accompanying
management's discussion and analysis with the relevant provincial
These filings are available for review at www.sedar.com
The Company is pleased to announce the appointment of Mr. Andrew Mah as
a Director and Chairman of the Board effective April 22, 2011. Mr. Mah
has 20+ years of experience in financial management and operations;
mergers and acquisitions, debt financings, initial public offerings,
and restructuring/turnaround. Mr. Mah is currently the President,
Chief Executive Officer and Director of Cavan Ventures Inc. and has a
wealth of experience and contacts in the capital markets, domestic and
abroad. The Company would also like to announce the appointment of Mr.
Alex Johnston as its interim Chief Financial Officer effective April
The Company wishes to thank Mr. Dodge Li for his time as Chairman,
Director, and CFO and wishes him well in his future endeavours.
About Cadman Resources Inc.
Shares of Cadman are listed for trading on the NEX Board as a capital
pool company ("CPC") within the meaning of the policies of the TSX
Venture Exchange. The Company has not commenced operations and has no
assets other than cash. The Company proposes to identify and evaluate
businesses and assets with a view to completing a "Qualifying
Transaction" under the TSX Venture Exchange's CPC policies. The funds
raised under the initial public offering will be used to pursue the
Company's Qualifying Transaction.
On behalf of Management
Cadman Resources Inc.
Derek Bartlett, CEO & Director
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
Certain information in this press release may constitute forward-looking
information. This information is based on current expectations that
are subject to significant risks and uncertainties that are difficult
to predict. Actual results might differ materially from results
suggested in any forward-looking statements. Cadman assumes no
obligation to update the forward-looking statements, or to update the
reasons why actual results could differ from those reflected in the
forward looking-statements unless and until required by securities laws
applicable to Cadman. Additional information identifying risks and
uncertainties is contained in Cadman's filings with the Canadian
securities regulators, which filings are available at www.sedar.com.
SOURCE Cadman Resources Inc.
For further information:
please contact Derek Bartlett, Chief Executive Officer, at: