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| Home : Cadillac Arranges Private Placement for Up to $1 Million |
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Mar 04
2017 |
Cadillac Arranges Private Placement for Up to $1 Million |
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TORONTO, ONTARIO--(Marketwired - March 3, 2017) - Cadillac Ventures Inc. (TSX VENTURE:CDC)(OTC:CADIF) ("Cadillac" or the "Company") is pleased to announce a proposed investment of $900,000 in Cadillac through a non-brokered private placement. The company has negotiated an offer from several independent investors for a total of $600,000 to acquire 12,000,000 units at $0.05 each, with each unit consisting of one common share and one warrant exercisable at $0.07 to acquire one common share for a period of 24 months from closing. A second $300,000 closing is planned for the end of March 2017 for an additional 4,615,385 units at $0.065 per each, with each unit consisting of one common share and one warrant exercisable at $0.08 to acquire one common share for a period of 24 months from closing. A four month hold period will apply to the securities issued. The proceeds from the private placement will be used for general working capital. |
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| Source:http://www.marketwired.com/mw/release.do?id=2200441&sourceType=3 |
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