Cavan-Ventures-News

Cavan Ventures Announces Proposed Share Consolidation

Mon, 12 Dec 2011 23:33:28 -0600

VANCOUVER, BRITISH COLUMBIA -- Cavan Ventures Inc. ("Cavan" or the "Company") (TSX VENTURE:CVN) announced today that, subject to TSX Venture Exchange acceptance and shareholder approval, it will implement a consolidation of its issued and outstanding common shares on the basis of ten (10) old shares for one (1) new share or such lesser ratio as the board deems appropriate (the "Consolidation"). As at the close of business on November 25, 2011, there were a total of 26,371,176 common shares of the Company issued and outstanding. If the Consolidation is completed, the number of shares outstanding will be 2,637,118, or some greater number, if a consolidation ratio of less than ten (10) to one (1) is chosen by the board of directors. Shareholder approval for the Consolidation will be sought at the upcoming special meeting of shareholders scheduled for January 9, 2012 (the "Meeting"). The Company is pursuing the Consolidation as management believes that the Consolidation will enhance the Company's ability to complete future equity financings.

Additionally, at the Meeting the Company proposes to change its name from "Cavan Ventures Inc." to "CanMetals Exploration Corp." or to such other name as determined by the directors of the Company, and that is acceptable to the British Columbia Registrar of Companies and the TSX Venture Exchange.

Cavan Ventures Signs Agreement to Acquire Pythonga Lake Rare Earth Property

Wed, 16 Nov 2011 15:15:31 -0600

VANCOUVER, BRITISH COLUMBIA -- Cavan Ventures Inc. ("Cavan" or the "Company") (TSX VENTURE:CVN) is pleased to announce that it has entered into a Mining Option Agreement (the "Agreement") with Investissements Horizon Inc. ("IHI"). The Agreement grants Cavan a 25-month two-stage option to earn a 100% undivided interest in the Pythonga Lake Rare Earth Property (the "Property") located in the Province of Quebec.

Cavan Provides Update on Previously Announced Subscription Receipt Private Placement

Fri, 19 Aug 2011 07:37:43 -0500

VANCOUVER, BRITISH COLUMBIA -- Cavan Ventures Inc. (www.cavanventures.com) ("Cavan" or the "Company") (TSX VENTURE:CVN) announced today that it has determined not to proceed with its previously announced brokered private placement of up to 16,000,000 subscription receipts. Cavan is reviewing its options and plans to undertake a further financing at such time that it considers appropriate depending upon market and other conditions.

Cavan Announces Closing of Previously Announced Non-Brokered Private Placement

Thu, 04 Aug 2011 11:32:52 -0500

VANCOUVER, BRITISH COLUMBIA -- Cavan Ventures Inc. ("Cavan" or the "Company") (TSX VENTURE:CVN) announced today that it has closed its previously announced non-brokered private placement (the "Financing") placing 1,110,000 units ("Units") at a price of $0.125 per Unit (the "Unit Private Placement") and 2,500,000 flow-through units ("Flow-Through Units") at $0.15 per Flow-Through Unit (the "Flow-Through Private Placement") for aggregate gross proceeds of approximately $500,000. Each Unit consisted of one common share of the Company and one-half non-transferable common share purchase warrant of the Company. Each whole warrant acquired in the Unit Private Placement entitles the holder thereof to purchase one common share of the Company for a period of eighteen months following closing at an exercise price of $0.18. Each Flow-Through Unit consisted of one common share to be issued as a "flow-through share" for the purposes of the Income Tax Act (Canada), and one-half common share purchase warrant. Each whole warrant acquired in the Flow-Through Private Placement entitles the holder thereof to purchase one common share of the Company for a period of eighteen months following closing at an exercise price of $0.20. The securities issued under the Financing are subject to a statutory hold period which will expire four months and one day from the closing date in accordance with the rules and policies of the TSX Venture Exchange (the "Exchange") and applicable Canadian securities laws and such other further restrictions as may be applicable.

Cavan Announces Results of Annual General and Special Meeting of Shareholders

Wed, 10 Aug 2011 11:32:23 -0500

VANCOUVER, BRITISH COLUMBIA -- Cavan Ventures Inc. ("Cavan" or the "Company") (TSX VENTURE:CVN) announced today that all of the matters voted upon at the Annual General and Special Meeting of Shareholders (the "Meeting") of the Company held on August 9, 2011 were duly passed by shareholders. Additionally, each of the management nominees for election as directors were elected at the Meeting to serve as directors of the Company until the next annual and general meeting of shareholders of Cavan, being Andrew Mah, Harvey Lawson, Patrick Brandreth and Ernest Brisbane.

Cavan Ventures Announces High Grade Silver Assays at Arizona Joint Venture Property

Thu, 07 Jul 2011 11:05:55 -0500

VANCOUVER, BRITISH COLUMBIA -- Cavan Ventures Inc. ("Cavan" or the "Company") (TSX VENTURE:CVN) announced today that its Joint Venture property with Q-Gold Resources Ltd. ("Q-Gold") near Crown King in the Peck Mining District of Yavapai County, Arizona (the "Joint Venture") has encountered "high-grade" silver (Ag) as well as high-grade gold (Au) assay results in the first batch of 33 samples from a "chip" sampling program across mineralized vein faces in adits and stopes of the historic Black Warrior Mine. Significant assay values for lead (Pb), zinc (Zn) and antimony (Sb) were also obtained. The Black Warrior Mine is under option to the Joint Venture, along with 3 additional patented mining claims and 22 adjoining U.S. Bureau of Land Management ("BLM") mining claims (collectively, the "Properties").

Cavan Signs LOI For Acquisition of Crown King Silver Project in Arizona

Fri, 04 Mar 2011 12:08:14 -0600

Cavan Ventures Inc. (TSX Ventures: CVN.V) (“Cavan”), a public mineral exploration company based in Vancouver, British Columbia, is pleased to announce that it has entered into a Letter Of Intent (“LOI”) with World Fortune Enterprise Inc. (“WFEI”), to acquire from WFEI a sixty-five percent (65%) interest in the mineral and surface rights to certain patented and U.S. Bureau of Land Management mining claims (the “BLM Mining Claims”), which are prospective for silver, near the town of Crown King, in the Peck Mining District of Yavapai County, Arizona.