pcNewsWire – Cavan Ventures Inc. (TSX-V: CVH.H) has arranged a non-brokered private placement of 11 million units at a price of $0.05 per unit for aggregate gross proceeds of $550,000.00
News Release
CAVAN FINANCING
June 15th, 2017, VANCOUVER, B.C. – CAVAN VENTURES INC. (V:CVN.H) (“Cavan” or the “Company”) announces that it has arranged a non-brokered private placement of 11 million units (“Units”) at a price of $0.05 per Unit for aggregate gross proceeds of $550,000.00 (the “Offering”). Each Unit will be comprised of one common share (“Share”) and one Share purchase warrant of the Company (“Warrant”). Each Warrant will entitle the Subscriber to purchase one Warrant Share for a 12 month period after the Closing Date at an exercise price of $0.075 per share. Proceeds raised from the Offering will be used for general working capital and towards exploration on the Company’s Kaslo Property located in the Slocan Mining District, 14 km northwest of the town of Kaslo in south-eastern British Columbia, Canada. Finders’ fees may be payable on the private placement, subject to the policies of the TSX Venture Exchange.
This offering is subject to TSX Venture Exchange acceptance.
The Company is currently evaluating certain mineral projects in Canada for possible acquisition.
Cavan Venture’s mission is to identify, acquire, and advance high potential mining prospects located in North America for the benefit of its stakeholders. For more information visit the website at
www.cavanventuresinc.com.
ON BEHALF OF THE BOARD
Peter P. Swistak, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
