2012 News |
TSX.V: CVN |
Cavan Ventures FinancingFebruary 13, 2012 Cavan Ventures Inc. ("Cavan" or the "Company") announces that it has arranged a non-brokered private placement of "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 holder to purchase one Share (a "Warrant Share") for a period of 24 months from the closing date at an exercise price of $0.10 per Warrant Share. The Company may, in its sole discretion, pay a finders' fee to agents of the Company consisting of: (i) a cash fee in an amount of 10% of the proceeds raised by such finder as part of this Offering, and (ii) a number of finder's warrants entitling the holder thereof to purchase that number of Shares of the Company ("Finder's Warrant") that is equal up to 10% of the number of units placed through the finder as part of this Offering. Each Finder's Warrant will entitle the holder to purchase one Share for a period of 18 months from the closing date at an exercise price of $0.10 per Finder's Warrant. The proceeds raised will be used for general corporate purposes and advancing its various projects. The private placement is subject to the approval of the TSX Venture Exchange. Cavan Venture's mission is to identify, acquire, and advance high potential base and precious metal prospects. For more information visit the website at www.cavanventures.com. ON BEHALF OF THE BOARD Peter P. Swistak, President FOR FURTHER INFORMATION PLEASE CONTACT: Forward-Looking Statement: |
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