Cadillac Retains Investor Relations Consultant
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TORONTO, ONTARIO, Jun 10 (MARKET WIRE) --
Cadillac Ventures Inc. (TSX VENTURE: CDC) ("Cadillac" or the "Company")
is pleased to announce that it has entered into an agreement with
Incorporated Communications Services ("ICS"), under which ICS will
provide financial relations, media relations and market development
consulting services to Cadillac. ICS is a media-relations specialist in
the natural resource and gold exploration sectors.
The agreement between Cadillac and ICS is effective from May 19, 2009 for
an initial term of six months, after which it will be subject to further
review and either termination or extension. In consideration for the
services to be provided, Cadillac has agreed to pay ICS a monthly fee of
US$7,000, plus expenses, from existing working capital. In addition,
Cadillac has agreed to grant 300,000 stock options (the "Stock Options")
to a principal of ICS, to acquire up to an aggregate of 300,000 common
shares of Cadillac at an exercise price of $0.45 per common share. The
Stock Options will vest in accordance with TSX Venture Exchange
guidelines and Cadillac's stock option plan. The Stock Options will
expire two years from the date of issue.
ICS currently has no interest, directly or indirectly, in Cadillac or its
securities, or any right or intent to acquire such an interest otherwise
than pursuant to the exercise of the Stock Options.
ICS' 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.
About Cadillac
Cadillac is a development focused exploration Company which, in addition
to the MATSA Huelva Joint Venture has two Canadian exploration projects,
located in regions that have been historically active.
The New Alger project is a wholly owned, previously productive gold mine,
located outside of Cadillac, Quebec. The Company has commenced a long
term drill program designed to identify the scope of mineralization
present on the Company's property along the Cadillac break, and outline
new mineralization untouched by the historic, shallow, mining operations.
The Burnt Hill Project is 51% owned by the Company and located outside of
Fredericton, New Brunswick. This operation was previously productive with
a small scale pilot plant operating onsite recovering tungsten via
photometric sorting. In recent drill campaigns the Company has received
assay results demonstrating the previously disregarded presence of
molybdenum and tin on the property. The objective of the drilling
programs is the delineation of a 43-101 compliant reserve and resource,
focusing in some part on the areas of historic production, in addition to
the mineralization newly demonstrated at depth and along strike. The
Company has also added significantly to the land position of this
project, encompassing several other surface showing of tungsten, tin and
molybdenum.
For more information regarding Cadillac, please visit our website at
www.cadillacventures.com.
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 Provided (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
Copyright 2009, Market Wire, All rights reserved.
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