Great News out on NOT JV with CadillacCADILLAC VENTURES INC.
CADILLAC CLOSES $2.7 MILLION PRIVATE PLACEMENT
Toronto, April 30, 2008 – Cadillac Ventures Inc. (CDEX-CNQ) (“Cadillac”) is
pleased to announce that it has closed a non-brokered private placement
financing for gross proceeds of $2.7 million. Trafigura Beheer B.V. Amsterdam
(“Trafigura”) was the sole subscriber under the financing and was issued
4,218,750 common shares of Cadillac at $0.64 per share. Following closing,
Trafigura holds approximately 14.9% of the issued and outstanding shares of
Cadillac.
Norman Brewster, the President and Chief Executive Officer of Cadillac said
“Cadillac is pleased to welcome Trafigura as a supportive, significant
shareholder.”
The proceeds from this financing will be used for exploration expenditures and
general working capital purposes. The securities issued hereunder will be
subject to restrictions on resale for four months. The issuance of these securities
is subject to typical regulatory approvals.
About Cadillac
Cadillac is publicly traded on the CNQ under the symbol CDEX. The New Alger
Project is wholly owned by Cadillac and located in the “Cadillac Break” mining
camp near Val D’or, Quebec. In the past New Alger was a historically productive
gold mine, Cadillac has completed one season of exploration drilling on the
property designed to test the extent of the known mineralization. In addition to
this Cadillac is the 51% owner of, and operator of the joint venture on, the Burnt
Hill Project located outside of Boiestown, New Brunswick. This property was
intermittently productive historically for tungsten, during the last exploration
season Cadillac also found molybdenum mineralization to be present on the
property.
For more information regarding Cadillac please visit our website at
www.cadillacventures.com, or call Norman Brewster, President at 416-815-
8666.