Replies to post #22881 on Cardinal Resources Inc fka CDNL

[ozzz]

We need 2 red birds displayed then $$$$

[camelsaremything]

I would love to see it if someone can find and post it.

[twosecure]

CDNL . . . . . . . ...........

http://ir.cardinalres.com/press-releases/detail/85/cardinal-resources-inks-7-5-million-equity-financing-with

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:

Establishment of the China Joint Venture, including operating agreement and funding
Re-alignment of the Company's management and governance structure, key hires and appointments to the Board of Directors
Successful manufacturing of two Cardinal Community Red Bird ("CRB") water systems by the China Joint Venture. U.S. manufacturing will continue to serve key global markets. Cardinal last month announced that it completed the sale of the first of three such systems to HSVW
The transfer to the China Joint Venture of Cardinal's manufacturing rights and obligations under its agreement with Bayelsa, Nigeria
Using Cardinal's commercially reasonable best efforts to cause its financing and manufacturing rights and obligations under its agreement with CAMWATER (Cameroon Water Utilities Corporation) to be transferred to the China JV

Proceeds from the second tranche are anticipated to cover:

Consolidation of all Cardinal HQ, R&D, manufacturing and warehousing facilities
Filing additional patents to increase intellectual property portfolio value
Aggressively expand marketing in various regions globally, including funding of demonstration CRBs to be purveyed to regional distributors
Establish new leasing and purchase-financing programs to support sales worldwide
Working capital