VANCOUVER, May 21, 2014 /PRNewswire/ - Cayden Resources
Inc. (TSX.V:CYD) ("Cayden" or the "Company") is
pleased to announce that it has acquired the Shamba-la Concession
located within the El Barqueno Concessions in Jalisco, Mexico. Shamba-la is approximately
400 hectares in size and is located along the northwest border of
the Pena de Oro target where Cayden is currently drilling
(see Figure 1 below or www.caydenresources.com for a map).
Under the terms of the acquisition, Cayden will pay a total
of $251,000 USD and issue
150,000 common shares for a 100% interest. Cayden paid $51,000 USD on signing and the
remaining balance and common shares are due once title is
registered under the name of Minas Chaparral SA de
CV, Cayden's subsidiary.
The Shamba-la concession is subject to a 2.5% NSR payable to the
vendor, which is buyable at anytime for $500,000 USD.
President and CEO Ivan Bebek
stated, "The acquisition of Shamba-la is a key
development for the El Barqueno project. We believe Shamba-la
provides an excellent opportunity to expand on the
recent drilling success we are having at the
Pena de Oro target."
The agreement is subject to the approval of the TSX Venture
Exchange and the shares will carry a four-month hold period
commencing on the date of issuance.
About Cayden Resources - Cayden is a junior mining
company focused on delivering shareholder value through the
acquisition, exploration and development of precious metal projects
in Mexico. The management team at
Cayden is highly experienced with an impressive track record of
success in the discovery, development and financing of mineral
projects. Cayden is also strongly committed to the highest
standards for environmental management, social responsibility,
health and safety for its employees and neighboring communities.
Cayden trades on the TSX Venture Exchange under the symbol
"CYD".
For more information on Cayden Resources, please visit our
website at www.caydenresources.com
Forward Looking and other Cautionary Information -
Neither the TSX Venture Exchange nor any other regulatory authority
accepts responsibility for the adequacy or accuracy of this
release.
This release includes certain statements that may be
deemed "forward-looking statements". Forward-looking information is
information that includes implied future performance and/or
forecast information including information relating to, or
associated with, exploration and or development of mineral
properties. These statements or graphical information involve known
and unknown risks, uncertainties and other factors which may cause
actual results, performance or achievements of the Company to be
materially different (either positively or negatively) from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Investors should review the
Company's AIF which is available at www.sedar.com
SOURCE Cayden Resources Inc.
Image with caption: "Figure 1 - El Barqueño Claim Map (CNW
Group/Cayden Resources Inc.)". Image available at:
http://photos.newswire.ca/images/download/20140521_C9210_PHOTO_EN_40581.jpg