Now that PP is out of way hopefully we will see share price reflect assay results.
"Mr. Ivan Bebek reports
CAYDEN ARRANGES A NON-BROKERED PRIVATE PLACEMENT FOR $4.2 MILLION
Cayden Resources Inc. has arranged a financing for $4.2-million through a non-brokered private placement. The financing will consist of 4.2 million units of the company at a price of $1 per unit. Each unit will consist of one common share plus one-half of one common share purchase warrant with each whole purchase warrant exercisable into a common share at a price of $1.50 for a period of 24 months from closing. The company intends to use the net proceeds of the offering to finance the advancement of the company's Morelos Sur and El Barqueno projects in Mexico, and for general corporate purposes.
The company may pay finder's fees on the private placement in accordance with the policies of the TSX Venture Exchange and applicable securities laws.
Closing of the offering is anticipated to occur on or before Aug. 17, 2012, and is subject to certain conditions including, but not limited to, the receipt of applicable regulatory approvals including approval of the TSX-V.
We seek Safe Harbor."