Monday, December 09, 2013 12:46:05 AM
CVN.v ~ Looks like this chart setting up nicely to make a move off the bottom! My call from current levels .025/.03
Cavan cancels offering, arranges another for $350,000
2013-12-04 16:52 ET - News Release
Mr. Peter Swistak reports
CAVAN ANNOUNCES REVISED PRIVATE PLACEMENT
Cavan Ventures Inc. is not proceeding with the private placement previously announced on Oct. 17, 2013. Instead, the company has arranged a non-brokered private placement of up to seven million units at a price of five cents per unit for aggregate gross proceeds of up to $350,000. Each unit will be composed of one flow-through common share in the capital of the company and one non-flow-through share purchase warrant of the company. Each warrant will entitle the holder to purchase one non-flow-through common share in the capital of the company for a period of 24 months from the closing date at an exercise price of 10 cents per warrant share.
The company may, in its sole discretion, pay a finder's fee to agents of the company consisting of: (i) a cash fee in an amount of 10 per cent 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 that is equal to up to 10 per cent 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 non-flow-through common share in the capital of the company for a period of 12 months from the closing date at an exercise price of 10 cents per finder's warrant share. The proceeds raised will be used for general corporate purposes and for advancing two of its 100-per-cent-owned graphite projects: the Buckingham graphite project in the Buckingham Valley area of southwestern Quebec adjacent to the old Walker mine and the Lake 19 graphite project in Saskatchewan adjacent to North Arrow Minerals Inc.'s Pikoo project.
Cavan cancels offering, arranges another for $350,000
2013-12-04 16:52 ET - News Release
Mr. Peter Swistak reports
CAVAN ANNOUNCES REVISED PRIVATE PLACEMENT
Cavan Ventures Inc. is not proceeding with the private placement previously announced on Oct. 17, 2013. Instead, the company has arranged a non-brokered private placement of up to seven million units at a price of five cents per unit for aggregate gross proceeds of up to $350,000. Each unit will be composed of one flow-through common share in the capital of the company and one non-flow-through share purchase warrant of the company. Each warrant will entitle the holder to purchase one non-flow-through common share in the capital of the company for a period of 24 months from the closing date at an exercise price of 10 cents per warrant share.
The company may, in its sole discretion, pay a finder's fee to agents of the company consisting of: (i) a cash fee in an amount of 10 per cent 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 that is equal to up to 10 per cent 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 non-flow-through common share in the capital of the company for a period of 12 months from the closing date at an exercise price of 10 cents per finder's warrant share. The proceeds raised will be used for general corporate purposes and for advancing two of its 100-per-cent-owned graphite projects: the Buckingham graphite project in the Buckingham Valley area of southwestern Quebec adjacent to the old Walker mine and the Lake 19 graphite project in Saskatchewan adjacent to North Arrow Minerals Inc.'s Pikoo project.
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