Cardinal Resources Inc fka CDNL

[Lapbid]

I need a translation.

"Funds to be used for the Share Repurchase Program is planned to come from the sale of shares of common stock of the Company under that certain Securities Purchase Agreement (the "Securities Purchase Agreement"), dated December 9, 2015, by and between the Company and Hangzhou Sky Valley Water Technology Co., Ltd., which requires that the Company use $500,000 of proceeds from the sales of shares of common stock under the Securities Purchase Agreement for the repurchase of its own shares of common stock. Terms and conditions of the Securities Purchase Agreement are disclosed in the Company's Current Report on Form 8-K (File No. 000-54983), filed with the Securities and Exchange Commission ("SEC") on April 15, 2016."