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Cardinal Resources Limited

09:51 AM EST - Cardinal Resources Limited : Has received investment committee approval from and executed a term sheet with Sprott Private Resource Lending (Collector), L.P. to be provided with a $25-million U.S. senior secured credit facility. The Facility is subject to mutually satisfactory documentation and other customary conditions precedent, which are expected to be completed on or about August 17. Cardinal Resources Limited shares T.CDV are trading unchanged at $0.43.