Cardinal Resources Ltd (ASX:CDV) Completes Second Tranche Placement

Cardinal Resources Limited (ASX:CDV) ("the Company") is pleased to confirm that following the approval at the General Meeting of Shareholders, held on 19 August 2016, the Company has allotted 19,481,330 fully paid ordinary shares at $0.29 per share.

The Company now has the following shares and listed options on issue:

Fully Paid Ordinary shares: 297,074,697
Options exercisable at $0.15 on or before 30 September 2019: 117,587,039

Archie Koimtsidis, Managing Director of Cardinal, said:

"We are very pleased with the strong level of support from new and existing shareholders who recognise the significant potential of our projects.

"We are pleased that the tremendous potential of our Ghanaian Projects is increasingly being recognised by a range of Sophisticated Investors."

The Appendix 3B and Cleansing Notice, in respect to the securities issued pursuant to the second tranche placement can be viewed in the link below.

To view Appendix 3B, please visit:
http://abnnewswire.net/lnk/40NFH979

Archie Koimtsidis
Managing Director
Cardinal Resources Limited
P: +233-26-190-5220
Skype: cardinal.archie