Tuesday, April 19, 2016 9:31:40 AM
BIG NEWS FOR CARDINAL RESOURCES !
1. CEO just made trip to China to celebrate Joint Venture (JV) with Hangzhou Sky Valley Water Technology, Ltd. (HSVW).
2. JV entails HSVW peforming a Share Purchase Agreement (SPA) in the form of $7.5 Million Dollars in 2 Tranches of $3.75 Million each.
3. CEO Kevin Jones confirmed today that CDNL is speaking with counsel to initiate a share buy back program immediately.
4. Part of the first tranche is also to be used to pay off debt.
5. Key milestones are in place for continued SPA investment by HSVW.
6. Both companies are working together to reach these milestones. They are both working to establish the JV companies in both China and the USA.
7. The CAMWATER project estimated at $28.8 Million dollars is awaiting the Cameroonian government to select the mandate bank to begin that project.
8. Cardinal is currently manufacturing 2 Cardinal Redbird systems for HSVW as part of the JV so that HSVW will have units to display and perform demonstrations to prospective clients.
9. Cardinal is currently manufacturing another unit for the Wickenberg, Arizona project.
10. The Chicago project is expected to come online soon.
11. It was reported by CDNL that there are other orders in the pipeline but they cannot release company names yet.
12. A system was installed in Soloy, Panama and approved by the government for clean water drinking standards. This is moving forward with CDNL and the Panamanian government along with CDNL's partner in Panama - Agua Saludable Group.
I believe there are other contracts in Nigeria and Senegal that could begin moving forward now that CDNL has capital and a working partner.
There may be a whole list of other items I have forgotten about. Other's here, please feel free to cut/paste my list and add to the possibilities here.
Thanks fellow investors - I feel very good about investing in Cardinal Resources, Inc.
Proud member of the "millionshaires" club.
Young man in Soloy, Panama smiling as he looks at the clean drinking water
that his villages CRB10 is delivering.
1. CEO just made trip to China to celebrate Joint Venture (JV) with Hangzhou Sky Valley Water Technology, Ltd. (HSVW).
2. JV entails HSVW peforming a Share Purchase Agreement (SPA) in the form of $7.5 Million Dollars in 2 Tranches of $3.75 Million each.
3. CEO Kevin Jones confirmed today that CDNL is speaking with counsel to initiate a share buy back program immediately.
4. Part of the first tranche is also to be used to pay off debt.
5. Key milestones are in place for continued SPA investment by HSVW.
6. Both companies are working together to reach these milestones. They are both working to establish the JV companies in both China and the USA.
7. The CAMWATER project estimated at $28.8 Million dollars is awaiting the Cameroonian government to select the mandate bank to begin that project.
8. Cardinal is currently manufacturing 2 Cardinal Redbird systems for HSVW as part of the JV so that HSVW will have units to display and perform demonstrations to prospective clients.
9. Cardinal is currently manufacturing another unit for the Wickenberg, Arizona project.
10. The Chicago project is expected to come online soon.
11. It was reported by CDNL that there are other orders in the pipeline but they cannot release company names yet.
12. A system was installed in Soloy, Panama and approved by the government for clean water drinking standards. This is moving forward with CDNL and the Panamanian government along with CDNL's partner in Panama - Agua Saludable Group.
I believe there are other contracts in Nigeria and Senegal that could begin moving forward now that CDNL has capital and a working partner.
There may be a whole list of other items I have forgotten about. Other's here, please feel free to cut/paste my list and add to the possibilities here.
Thanks fellow investors - I feel very good about investing in Cardinal Resources, Inc.
Proud member of the "millionshaires" club.
Young man in Soloy, Panama smiling as he looks at the clean drinking water
that his villages CRB10 is delivering.
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