Feb 23 (Reuters) - Cadan Resources Corp CXD.V :
* Proposes share for debt offering
* Seeking to enter into shares-for-debt settlement agreements whereby Cadan
will issue up to 20 million units to current creditors
* Pursuant to agreement company wishes to issue peter main 3 mill common shares
at a deemed price of $0.05 cents per share
* Source text for Eikon
* Further company coverage CXD.V