Replies to post #5296 on Cardinal Resources Inc fka CDNL

[sharky]

Planned use of proceeds will include:

Retirement of all outstanding trade debt
Establishment of the China joint venture
A corporate stock buyback program
An investor relations program
Restructuring Cardinal's Bayelsa and Cameroon open contracts and purchase orders (valued at $38M), for which HSVW will work with the Company to facilitate international bank financing
General working capital
The second $3.75 million tranche is to be released to Cardinal upon successful completion of the following milestones, which are expected to be completed during the second quarter of 2016



$CDNL