Cadillac Ventures Inc.

Cadillac Ventures Inc.

June 30, 2015 09:50 ET

Cadillac Announces Conditional TSXV Approval for Debenture Financing

TORONTO, ONTARIO--(Marketwired - June 30, 2015) - Cadillac Ventures Inc. (TSX VENTURE:CDC)(OTC:CADIF) ("Cadillac" or the "Company") announced today that it has received conditional TSXV approval in connection with revised Convertible Debenture terms on the Memorandum of Understanding ("MOU") entered into with CapitalAsia Asset Management Ltd. ("CapitalAsia") as announced in the January 15, 2015 press release in relation to CapitalAsia assisting with new strategic investments and arranging for investors to acquire Convertible Debentures for a total amount of up to CAD 1.5 million. The Convertible Debentures will be issued in denominations of CAD 1,000 principal amount with a conversion price of CAD 0.10. For each CAD 0.10 of principal amount of the Convertible Debentures the subscriber will receive one common share purchase warrant, exercisable for one common share of Cadillac at CAD 0.15 for 36 months from date of issue. The Convertible Debentures will have a term of 36 months from date of issue and will incur interest at 7% per annum payable semi-annually in cash. The Convertible Debentures during their term may convert to common shares at $0.10 per share at the option of the subscriber at any time or at the option of Cadillac provided that the Volume Weighted Average Price ("VWAP") of the Corporation's common shares on the TSX Venture Exchange is at least equal to CAD 0.15 for 30 consecutive trading days. If during the term of the Convertible Debenture, Cadillac's VWAP is not equal to or above CAD 0.15 for 30 consecutive days, Cadillac shall redeem the Convertible Debentures at a 20% premium, together with accrued interest within 20 business days after 36 months.

The proceeds of the Convertible Debenture will be used primarily to further explore and develop the Company's mineral properties and for general working capital.

Completion of the financing is subject to receipt of TSX Venture Exchange approval. All of the securities issuable in connection with the Offering will subject to a hold period expiring four months and one day after the closing date.

The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.

It is anticipated that the closing of the Convertible Debenture Offering will occur by the end of June 2015.

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.

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