Cadillac Retains Investor Relations Consultant
June 10 2009 - 8:00AM
Marketwired
Cadillac Ventures Inc. (TSX VENTURE: CDC) ("Cadillac" or the
"Company") is pleased to announce that it has entered into an
agreement with Incorporated Communications Services ("ICS"), under
which ICS will provide financial relations, media relations and
market development consulting services to Cadillac. ICS is a
media-relations specialist in the natural resource and gold
exploration sectors.
The agreement between Cadillac and ICS is effective from May 19,
2009 for an initial term of six months, after which it will be
subject to further review and either termination or extension. In
consideration for the services to be provided, Cadillac has agreed
to pay ICS a monthly fee of US$7,000, plus expenses, from existing
working capital. In addition, Cadillac has agreed to grant 300,000
stock options (the "Stock Options") to a principal of ICS, to
acquire up to an aggregate of 300,000 common shares of Cadillac at
an exercise price of $0.45 per common share. The Stock Options will
vest in accordance with TSX Venture Exchange guidelines and
Cadillac's stock option plan. The Stock Options will expire two
years from the date of issue.
ICS currently has no interest, directly or indirectly, in
Cadillac or its securities, or any right or intent to acquire such
an interest otherwise than pursuant to the exercise of the Stock
Options.
ICS' appointment as an investor relations consultant of Cadillac
and the granting of the Stock Options remain subject to TSX Venture
Exchange and other applicable regulatory approval.
About Cadillac
Cadillac is a development focused exploration Company which, in
addition to the MATSA Huelva Joint Venture has two Canadian
exploration projects, located in regions that have been
historically active.
The New Alger project is a wholly owned, previously productive
gold mine, located outside of Cadillac, Quebec. The Company has
commenced a long term drill program designed to identify the scope
of mineralization present on the Company's property along the
Cadillac break, and outline new mineralization untouched by the
historic, shallow, mining operations.
The Burnt Hill Project is 51% owned by the Company and located
outside of Fredericton, New Brunswick. This operation was
previously productive with a small scale pilot plant operating
onsite recovering tungsten via photometric sorting. In recent drill
campaigns the Company has received assay results demonstrating the
previously disregarded presence of molybdenum and tin on the
property. The objective of the drilling programs is the delineation
of a 43-101 compliant reserve and resource, focusing in some part
on the areas of historic production, in addition to the
mineralization newly demonstrated at depth and along strike. The
Company has also added significantly to the land position of this
project, encompassing several other surface showing of tungsten,
tin and molybdenum.
For more information regarding Cadillac, please visit our
website at www.cadillacventures.com.
Forward Looking Statements
This news release may contain certain forward-looking statements
under applicable securities laws. All statements, other than
statements of historical fact, are forward looking. Forward-looking
statements are frequently identified by such words as "may",
"will", "plan", "expect", "believe", "anticipate", "estimate",
"intend" and similar words referring to future events and results.
Forward-looking statements are based on the current opinions and
expectations of management. All forward-looking information is
inherently uncertain and subject to a variety of assumptions, risks
and uncertainties, including the speculative nature of mineral
exploration and development, fluctuating commodity prices, the
risks of obtaining necessary licences and permits and the
availability of financing, as described in more detail in the
Company's securities filings available at www.sedar.com. Actual
events or results may differ materially from those projected in the
forward-looking statements and the reader is cautioned against
placing undue reliance thereon. Cadillac assumes no obligation to
revise or update these forward-looking statements except as
required by law. All dollar amounts are in Canadian dollars unless
otherwise noted.
Neither TSX Venture Exchange nor its Regulation Services
Provided (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Cadillac Ventures Inc. Norman Brewster President and
Chief Executive Officer 416-203-7722 www.cadillacventures.com
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