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
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
Neither the TSX Venture Exchange nor any
other regulatory authority accepts responsibility for the adequacy or
accuracy of this release.
SOURCE: Cayden Resources Inc.
For further information:
Manager of Investor Relations