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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