Cavan Ventures Inc.
Friday, August 11, 2017 - 2:46 PM EDT

Cavan Provides Financing Update



Vancouver, British Columbia (FSCwire) - CAVAN VENTURES INC. (V:CVN.H) (‘‘Cavan’’ or the ‘‘Company’’) announces it intends to rely on the "investment dealer" prospectus exemption, among other prospectus exemptions, with respect to the private placement.  As such, the Issuer confirms that there is no material fact or material change about Cavan that has not been generally disclosed.

 

The proceeds of the offering (assuming it is fully subscribed) will be used as follows:

 

 

Estimated Cost ($)

To fund remaining costs to complete the St-Onge Acquisition

50,000

To repay indebtedness owing to an arm's length party

200,000

To fund exploration programs on the St-Onge Property

300,000

General and administrative expenses over the next 12 months

150,000

Working capital to fund ongoing operations

100,000

TOTAL

800,000

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



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Cavan08112017.pdf

Source: Cavan Ventures Inc. (TSX Venture:CVN.H)

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