Replies to post #16157 on Cardinal Resources Inc fka CDNL

[r4pt0r]

Paid a premium in exchange for half ownership of the company, some of that overpay went to debt reduction, some went to stock buyback, and some other stuff. I think that covers most of it.

Read the details of their joint venture: http://www.cardinalres.com/media-center/press-releases/detail/85/cardinal-resources-inks-7-5-million-equity-financing-with