TORONTO, ONTARIO--(Marketwired - June 6, 2013) - Cadillac Ventures Inc. (TSX VENTURE:CDC) ("Cadillac" or the "Company") is pleased to announce the appointment of Mr. Bing Pan to the board of directors of the Company. Mr. Pan is the nominee of Sino-Canada Resources Fund I ("Sino-Canada") which recently acquired 20,000,000 common shares and 20,000,000 warrants pursuant to the closing of the Company's $1.2 million private placement (see the Company's press release of May 30, 2013).
In connection with his appointment, Mr. Pan has been granted options to acquire up to 300,000 common shares of the Company at an exercise price of $0.10 for a term of five years pursuant to the Company's incentive stock option plan.
About Cadillac
Cadillac is a development-focused copper company currently advancing its 100% owned Thierry Property, near Pickle Lake, Ontario. The Thierry Property consists of the past producing Thierry Mine and hosts two NI 43-101 compliant resources: Thierry Mine and K1-1.
In addition, Cadillac also holds a 51% interest in the Burnt Hill Project, a historic tungsten/tin mine taken to test production by Mr. Norman Brewster P.Geo for Canadian International Paper during the early 1980's. Cadillac looks forward to resuming the development of this project.
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.
Contact Information:
Norman Brewster
President and Chief Executive Officer
416 203-7722
www.cadillacventures.com