Cavan Increases Financing
Suite 1240 – 789 W. Pender St., Vancouver, BC V6C 1H2 Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988
CAVAN INCREASES FINANCING
July 20th, 2017, VANCOUVER, B.C. – CAVAN VENTURES INC. (V:CVN.H) (“Cavan” or the "Company”) announces that, in connection with its previously announced financing (see PR dated June 15, 2017), it is increasing the size of the financing due to strong demand. The Company has arranged the non-brokered private placement to consist of 20,000,000 units, up from 11,000,000 units, at a price of $0.05 per Unit for aggregate gross proceeds of $1,000,000 (the "Offering"). Each Unit will be comprised of one common share ("Share") and one common 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. This increase is subject to TSX Venture approval.
Finders' fees may be payable on the private placement, subject to the policies of the TSX Venture Exchange.
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.
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
Forward-Looking Statement:
Some statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Cavan Ventures Inc. Actual results may differ materially from those currently anticipated in such statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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