Cadillac Ventures Inc: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Cadillac Ventures Inc To Sell Interest In Spanish Joint Venture
Cadillac Ventures Inc announced that it has entered into a letter agreement with Iberian Minerals Corp. (Iberian) to sell the Company's 90% joint venture interest in the Spanish Joint Venture with Minas de Aguas Tenidas, S.A. (MATSA, a wholly owned subsidiary of Iberian) for CDN$2,500,000. Cadillac acquired its 90% interest in the joint venture pursuant to an agreement with MATSA entered into in December 2008. Completion of the transaction is subject to conditions, including execution of a definitive agreement among the parties, completion of due diligence and TSXV acceptance.
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