Replies to post #14821 on Cardinal Resources Inc fka CDNL

[The Rainmaker]

I posted the same thing 8 days ago, I even included ....nobody cared. Not one reply to my post.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122796982

[Sibware]

Only CDNL LOI i know was October 13th==>

Typo maybe...13 instead of 1

The first tranche is expected to close in the fourth quarter of 2015. Proceeds from the transaction will be designated toward general working capital, retiring the Company's existing debt, and establishing the new joint venture.

From:

http://finance.yahoo.com/news/cardinal-resources-signs-loi-chinese-100000117.html

(e) Use of Proceeds . The Company will use the net proceeds from the sale of the Shares hereunder in accordance with the use of proceeds as set forth in that certain Letter of Intent between the Purchaser and the Company dated October 1, 2015 and attached hereto as Exhibit A .