Cavan Provides Update on Previously Announced Subscription Receipt Private Placement
August 19 2011 - 12:49PM
Marketwired
Cavan Ventures Inc. (www.cavanventures.com) ("Cavan" or the
"Company") (TSX VENTURE: CVN) announced today that it has
determined not to proceed with its previously announced brokered
private placement of up to 16,000,000 subscription receipts. Cavan
is reviewing its options and plans to undertake a further financing
at such time that it considers appropriate depending upon market
and other conditions.
About Cavan
Cavan Ventures Inc. is a Vancouver based TSX Venture
Exchange-listed junior mining company with acquisitions in Canada
and Arizona, USA. The Company's vision is to become a globally
diversified resource company with strong focuses in gold, silver,
and rare earth elements. Cavan strives to become a mid-tier
producer through the acquisition and development of domestic and
international mining properties.
On behalf of the Board of Directors:
Andrew Mah, President & Director
For further information please visit our website at
www.cavanventures.com.
This news release contains certain forward-looking statements
that reflect the current views and/or expectations of Cavan with
respect to its performance, business and future events, including
statements, with respect to its ability to undertake a further
financing. Such statements are subject to a number of risks,
uncertainties and assumptions. Actual results and events may vary
significantly.
Neither the 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: Cavan Ventures Inc. Andrew Mah President &
Director (604) 783-5328 (cell) or (604) 288-2756 1 (877) 621-4920
(FAX) andrewm@cavanventures.com Cavan Ventures Inc. Boris Ziger
Corporate Communications (416) 821-4869 borisz@cavanventures.com
www.cavanventures.com