Proactiveinvestors recommends
Additional Information
Market: TSX-V
Sector: General Mining - Copper
EPIC: CDC
Latest Price: C$0.15  (0,00%)
52-week High: C$0.25
52-week Low: C$0.14
Market Cap: C$18.66M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Cadillac Ventures
www.cadillacventures.com

Exploration activities in Cadillac's property portfolio range from the grass roots stage to resource development projects and are not limited by geographical boundaries. The company holds the right to earn up to 90% interest on 14 separate properties within the prolific Iberian Pyrite Belt of southern Spain and two advanced Canadian projects; the New Alger property which is a gold project in Quebec and Burnt Hill, a tungsten project in New Brunswick.

Full Cadillac Ventures profile here
Is CDC a Buy, Sell or Hold?Get your FREE analysis of CDC
Pdf

Cadillac Ventures to raise $7 million through brokered financing

28th Oct 2011, 3:52 pm by Olivia D'Orazio

Junior miner Cadillac Ventures (CVE:CDC) reported on Wednesday that it plans to raise $7 million in a brokered private financing and use the funds to advance its Thierry mine, in Ontario.

The miner said it has hired a syndicate of agents led by NCP Northland Capital Partners Inc. and Stifel Nicolaus Canada, and Secutor Capital Management Corp to finish the financing on a reasonable efforts basis.

The company plans to sell 38.3 million units for 21 cents each and flow-through shares for a cost of 23 cents each. 

Each unit consists of one common share and one-half of one common share purchase warrant, of Cadillac.

Each whole warrant gives the holder the right to buy one common share for 35 cents a share for a period of 24-months, following the closing date.

Cadillac also said that it has agreed to grant the syndicate an option to raise the proceeds by up to 15 percent. This option is exercisable up to 48 hours before closing of the offering.

Proceeds will be used to fund a preliminary economic assessment on the Thierry property by early next year, while
profit from the flow-through shares will be used for Canadian exploration expenses also for the Thierry property.

The financing should close on Nov. 15, and all securities under the offering will be subject to a four month hold
period.

The Thierry property, located near Pickle Lake, Ontario, is a past producing mine with a current resource estimate of 8.3 million tonnes in the measured and indicated categories with a grading of 1.73 percent copper, 0.20 percent
nickel.

The deposit remains open at depth and to the west.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.