TORONTO, ONTARIO--(Marketwired - June 3, 2013) - Sino-Canada Natural Resources Fund 1 ("Sino-Canada") announces that on May 30, 2013, it acquired ownership of 20,000,000 units ("Units") of Cadillac Ventures Inc. ("Cadillac"), with each Unit consisting of one common share and one common share purchase warrant ("Warrant"). The Units were acquired in connection with the closing of Cadillac's private placement offering of Units of Cadillac (see Cadillac's new release dated May 30, 2013) for a subscription price of $1,200,000.
On closing of the private placement, Sino-Canada owns and controls, directly and indirectly, an aggregate of 20,000,000 common shares, as well as 20,000,000 Warrants, each Warrant entitling the holder to acquire one common share of Cadillac. Such securities represent approximately 12.1 % of Cadillac's currently issued and outstanding common shares and 21.7% of Cadillac's outstanding common shares assuming full exercise of the Warrants.
The securities were acquired for investment purposes, and Sino-Canada may, from time to time, dispose of or acquire additional securities of Cadillac depending on market conditions or any other relevant factors.
An early warning report (the "EWR") will be filed on SEDAR and will be available for review at www.sedar.com under Cadillac's profile. A copy of the EWR can be obtained from the contact below.
Contact Information:
Derek Yang
+86 13917188338