10:12 AM EST - Cardinal Resources Limited : Provided an update regarding Project Financing for its 5.1 Moz* Namdini Gold Project in Ghana. Chief Financial Officer Jon Grygorcewicz stated: "With the current gold price maintaining a price above US$1,500/oz as compared to the gold price of US$1,350/oz used in the Company’s Feasibility Study, it creates an even more compelling financial model and project valuation which provides a greater level of confidence to banks, financiers and corporates. We are pleased with the strong level of interest and the rate of progress to date. We look forward to updating shareholders as we progress the Namdini Project Financing programme." Cardinal Resources Limited
shares T.CDV are trading unchanged at $0.33.
