CVNCavan cancels offering, arranges another for $350,000
More interest.....and now non-flow through with more $$$ raised.
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.
The private placement is subject to the approval of the TSX Venture Exchange.
======================== Cavan Announces Flow-Through Financing
October 17, 2013 VANCOUVER, B.C. – Cavan Ventures Inc. ("Cavan" or the "Company") (CVN-TSX:V) announces that it has arranged a non-brokered private placement of up to 5 million flow-through units ("Units") at a price of $0.06 per Unit for aggregate gross proceeds of $300,000 (the "Offering"). Each Unit will be comprised of one flow-through common share ("Share") and one non-flow-through share purchase warrant of the Company ("Warrant"). Each Warrant will entitle the holder to purchase one Share (a "Warrant Share") for a period of 24 months from the closing date at an exercise price of $0.10 per Warrant Share.
The Company may, in its sole discretion, pay a finders' fee to agents of the Company consisting of: (i) a cash fee in an amount of 10% 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 ("Finder's Warrant") that is equal up to 10% 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 Share for a period of 12 months from the closing date at an exercise price of $0.10 per Finder's Warrant.
The proceeds raised will be used for general corporate purposes and for advancing two of its 100%-owned graphite projects, the Buckingham graphite project in the Buckingham Valley area of southwestern Quebec adjacent to the old Walker Mine and the CAGE graphite project in Ontario adjacent to Zenyatta Ventures Ltd. Albany property.
The private placement is subject to the approval of the TSX Venture Exchange.
The Company also announces the resignation of Lorne McCarthy as a Director of Cavan Ventures. The Company would like to thank Mr. McCarthy for his contributions and wish him well in his future endeavours.
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.
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.
BSX.t ~ Belo Sun Receives Environmental Approval for the Development of Its Volta Grande Gold Project, Brazil
TORONTO, ONTARIO--(Marketwired - Dec. 2, 2013) - Belo Sun Mining Corp. (TSX:BSX) (the "Company" or "Belo Sun") announces that the Environmental Council of Para State, Brazil (COEMA) has approved the Environmental Impact Assessment for Belo Sun's Volta Grande Project (see press release dated November 18, 2013). The approval of the Environmental Impact Assessment and receipt of the Preliminary License (LP) is a key milestone in the advancement of the project towards construction phase.
Mark Eaton, President and CEO of Belo Sun, commented "We are very pleased about the approval of the EIA for the Volta Grande Project by COEMA. This completes an extensive regulatory process and represents an important step in bringing the Volta Grande Project to production. We want to acknowledge the valuable input and support of the local communities as well as the Para authorities for their review and approval of our submission". The approval of the EIA will allow Belo Sun to further advance the permitting process for the mine construction and other related authorizations from the Para State authorities.
Dec 31/13 Dec 26/13 Eaton, Mark Price Direct Ownership Common Shares 10 - Acquisition in the public market 188,000 $0.330 Dec 16/13 Dec 16/13 Eaton, Mark Price Direct Ownership Common Shares 10 - Acquisition in the public market 50,000 $0.340 Dec 6/13 Dec 6/13 Diniz, Helio Botelho Direct Ownership Common Shares 10 - Acquisition in the public market 7,000 $0.395 Dec 6/13 Dec 5/13 Diniz, Helio Botelho Direct Ownership Common Shares 10 - Acquisition in the public market 9,000 $0.390 Dec 6/13 Dec 4/13 Diniz, Helio Botelho Direct Ownership Common Shares 10 - Acquisition in the public market 34,000 $0.385 Oct 28/13 Oct 28/13 Eaton, Mark Price Direct Ownership Common Shares 10 - Acquisition in the public market 228,500 $0.450 Oct 15/13 Oct 11/13 Eaton, Mark Price Direct Ownership Common Shares 10 - Acquisition in the public market 24,500 $0.345 Oct 15/13 Oct 11/13 Eaton, Mark Price Direct Ownership Common Shares 10 - Acquisition in the public market 50,000 $0.355 Oct 11/13 Oct 10/13 Hoffman, Michael Direct Ownership Common Shares 10 - Acquisition in the public market 100,000 $0.370 Oct 10/13 Oct 10/13 Eaton, Mark Price Direct Ownership Common Shares 10 - Acquisition in the public market 28,500 $0.375 Oct 10/13 Oct 10/13 Eaton, Mark Price Direct Ownership Common Shares 10 - Acquisition in the public market
MONTREAL, QUEBEC--(Marketwired - March 12, 2014) - Quinto Real Capital Corporation (TSX VENTURE:QIT) ("Quinto" or the "Company") is pleased to announce its strategy for 2014. The Company owns interests in promising projects, including a 10% interest in the Monster Lake property, owned by TomaGold Corporation and under option by IAMGOLD Corporation, and 4,000,000 shares of Perisson Petroleum Corporation, an oil and gas exploration company.
Monster Lake Property
The Company holds a 10% interest in TomaGold Corporation's Monster Lake property. In November 2013, IAMGOLD Corporation signed an option agreement with TomaGold to acquire a 50% interest in the Monster Lake, Winchester and Lac à l'eau jaune properties for $17.575 million, including $16 million in exploration and $1.575 million in payments over five years. Once IAMGOLD has acquired its 50% interest, the interests of TomaGold and Quinto will be diluted proportionately such that TomaGold and Quinto hold interests of 45% and 5%, respectively, in the Monster Lake property.
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