Cadillac Ventures Inc Closes Final Tranche Of $3.3 Million Financing

Cadillac Ventures Inc announced the closing of the second and final tranche of its previously announced private placement financing for gross proceeds of approximately $804,400. Together with the first tranche of the Offering which closed on November 24, 2011, Cadillac raised, in aggregate, gross proceeds of $3.3 million pursuant to the Offering. On closing of the second tranche, Urion Mining International B.V. (Urion), an existing shareholder of the Company and an indirect wholly-owned subsidiary of Trafigura Beheer, B.V., was issued 3,830,410 units of the Company at a price of $0.21 per Unit. Urion's subscription allowed it to maintain its approximate 25% equity interest in the Company, through the exercise of its pre-emptive right under a pre-existing agreement between the Company and Urion. In total, Cadillac issued 3,830,410 Units and 11,039,196 flow-through units pursuant to the Offering. Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of the Company at a price of $0.35 for a period of 24 months following closing. The Company intends to use the net proceeds from the sale of the Units towards a Preliminary Economic Assessment on the Thierry Property by early 2012, for development of the Company's properties and for working capital purposes. The securities issued under this second tranche of the Offering are expiring on April 21, 2012.