Cadillac Grants Stock Options
June 29 2010 - 12:57PM
Marketwired
Cadillac Ventures Inc. (TSX VENTURE: CDC) ("Cadillac" or the
"Company") announces that it has granted an aggregate of 2,191,398
options to acquire common shares of Cadillac at an exercise price
of $0.35 per share pursuant to its stock option plan. The options
granted include 1,525,000 options granted to directors and officers
of Cadillac and 491,398 options granted to an IR consultant of
Cadillac. Except for the options granted to the IR consultant, all
options granted will have a term of five years. The options granted
to the IR consultant will have a term of two years.
About Cadillac
Cadillac is a development-focused exploration company which has
the past-producing Thierry Property near Pickle Lake in Northern
Ontario, several exploration projects in Spain in joint venture
with MATSA and three Canadian exploration projects, located in
regions that have been historically active.
The Thierry Property encompasses the past producing Thierry Mine
which ceased production in 1982 leaving mineralization in situ. In
addition to the Thierry mine project Cadillac wholly owns the 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. 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.
The Burnt Hill Project is a 51% owned tungsten tin project located
outside of Fredericton, New Brunswick.
For more information regarding Cadillac, please visit our
website at www.cadillacventures.com.
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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