RIZAL RESOURCES CORPORATION V.RZL.H

RE:true ownership ofTMC

[Maupiti]

This all we have discussed years ago and only one assertion has come true.
We are no producer till now. Without money to finance the pre-production phase it will probably stay that way. Would have given the chinese man the promised 5 mio dollars within the allotted time period, I think we would be a producer now. The only one, who can be satisfied is precisely this Chinese because of this contract!!!

""Cadan has agreed to provide the lender with security over its assets, with the form of security to be negotiated and settled within 15 days. In connection with the loan agreement,

Cadan, Mighty River, and Cadan’s Philippine affiliate, Tribal Mining Corporation, will enter into

royalty agreements pursuant to which Mighty River will be entitled to receive a 1% production royalty on the T’Boli Mine located in the Philippines for each USD$1 mill advanced to Cadan.""

https://cadanresources.com/wp-content/uploads/2013/05/2013-05-02-Loan-Facility.pdf