Cadillac Retains Investor Relations Consultant and Appoints Secretary
April 28 2010 - 3:05PM
Marketwired
Cadillac Ventures Inc. (TSX VENTURE: CDC) ("Cadillac" or the
"Company") is pleased to announce that it has entered into an
agreement with Investor Cubed Inc. ("ICI") under which ICI will
provide general consulting, investor relations and marketing
services to Cadillac. ICI provides specialized investor relations
and business consulting services to a select group of leading
Canadian small cap companies.
The agreement between Cadillac and ICI is effective from April
27, 2010 for an initial one year term, after which it will
automatically renew for an additional year unless otherwise
terminated. In consideration for the services to be provided,
Cadillac has agreed to pay ICI a monthly fee of $5,000, plus
pre-approved expenses, from existing working capital. In addition,
Cadillac has agreed to grant 780,000 stock options (the "Stock
Options") to ICI to acquire up to an aggregate of 780,000 common
shares of Cadillac. 195,000 Stock Options will vest after three
months from the date of issue and will be exercisable for $0.23 per
common share. The remaining 585,000 Stock Options will be
exercisable for $0.45 per common share and will vest in equal
tranches after six, nine and twelve months from the date of issue,
respectively. The Stock Options will expire two years from the date
of issue. ICI currently has no interest, directly or indirectly, in
Cadillac or its securities.
ICI's appointment as an investor relations consultant of
Cadillac and the granting of the Stock Options remain subject to
TSX Venture Exchange and other applicable regulatory approval.
Cadillac is also pleased to announce that John Conway has been
re-appointed as Secretary of Cadillac.
About Cadillac
Cadillac is a development-focused exploration Company which has
the past-producing Thierry Property near Pickle Lake in Northern
Ontario, three Canadian exploration projects, located in regions
that have been historically active, and several exploration
projects in Spain.
In addition to the Thierry mine project Cadillac wholly owns New
Alger project, a previously productive gold mine, located outside
of Cadillac, Quebec, where the Company has entered into a joint
venture agreement with Renforth Resources Inc. for a three year
$2.5 million exploration program. The Burnt Hill Project is 51%
owned tungsten tin project located outside of Fredericton, New
Brunswick. The Company also holds the Pickle Gold project comprised
of 21 claims in the vicinity of 3 historically proactive gold mines
near Pickle Lake, and the Kirkland Gold project, located about 15
kilometres west of the town of Kirkland Lake. In Spain, the Company
is joint venture partner with Minas de Aguas Tenidas, S.A.U.
regarding the exploration of 12 different investigation licenses
surrounding the Aguas Tenidas Mine in the Iberian Pyrite Belt of
southern Spain.
Forward Looking Statements
This news release may contain certain forward-looking statements
under applicable securities laws. All statements, other than
statements of historical fact, are forward looking. Forward-looking
statements are frequently identified by such words as "may",
"will", "plan", "expect", "believe", "anticipate", "estimate",
"intend" and similar words referring to future events and results.
Forward-looking statements are based on the current opinions and
expectations of management. All forward-looking information is
inherently uncertain and subject to a variety of assumptions, risks
and uncertainties, including the speculative nature of mineral
exploration and development, fluctuating commodity prices, the
risks of obtaining necessary licences and permits and the
availability of financing, as described in more detail in the
Company's securities filings available at www.sedar.com. Actual
events or results may differ materially from those projected in the
forward-looking statements and the reader is cautioned against
placing undue reliance thereon. Cadillac assumes no obligation to
revise or update these forward-looking statements except as
required by law. All dollar amounts are in Canadian dollars unless
otherwise noted.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Cadillac Ventures Inc. Norman Brewster President and
Chief Executive Officer 416 203-7722 www.cadillacventures.com
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