Cardinal Resources Inc fka CDNL

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CDNL EPIC HISTORIC JUMP TO $.40 CENTS COMING REAL SOON $$$

You say: HOW?

Cardinal Resources Receives Initial $1.1 Million Tranche; FROM Hangzhou Sky Valley Water Technology Co., Ltd. ("HSVW")

HISTORIC PARTNERSHIP WILL NOW LEAD TO HISTORIC START OF $30 MILLION CAMWATER CONTRACTS IN CAMEROON.

HISTORY:

CDNL STARTS REAL BUY BACK PROGRAM:


On May 4, 2016, the board of directors of Cardinal Resources, Inc., a Nevada corporation (the "Company"), authorized a share repurchase program (the "Share Repurchase Program"), pursuant to which the Company may, from time to time, purchase shares of its common stock for an aggregate repurchase price not to exceed $500,000. Share repurchases, if any, will be execute through open market transactions only. .

CDNL RECEIVES 1,116,000 OUT OF $7,500,000.

On May 5, 2016, the Company received $1,116,000, as part of its prospective financing of up to $7,500,000 under the Securities Purchase Agreement, but a fixed amount of such $1,116,000 has not yet been designated for share buyback under the Share Repurchase Program.  There is no assurance that additional closings for financing under the Securities Purchase Agreement will occur.

CDNL GETTING OUT OF DEBT $$$$

May 2013, First American Bank ("FAB") obtained a $280,000 judgment (the "Judgment") against Cardinal Resources, LLC (the "Debtor") and individuals Kevin Jones, Barbara Jones and Carol McKee (together, the "Guarantors") regarding the settlement of a prior debt owed to FAB by the Debtor and guaranteed by the Guarantors. In February 2016, Cardinal Resources, Inc. (the "Company"), an affiliate of Debtor, was served with execution documents from FAB in the nature of Interrogatories to Garnishee. On May 11, 2016, the Company, together with the Debtor and the Guarantors and FAB (collectively the "Parties"), entered into a Settlement Agreement to resolve the Judgment and related execution proceedings to collect the Judgment (the "Settlement Agreement"). The Settlement Agreement became effective on May 13, 2016.


GET IN NOW THANK ME LATER$$$$$