Cavan Ventures Provides Corporate Update and Engages Robson Capital Markets Advisory
April 3, 2014 (Source: Marketwired) — CAVAN VENTURES INC. (TSX VENTURE:CVN) (“Cavan” or the “Company”) is pleased to provide a corporate update in regards to the continued development of its graphite projects in Quebec.
Cavan intends to conduct diamond drilling programs in Q2 2014 at its 100%-owned Buckingham and Tetepiska-East graphite properties, located in western and northeastern Quebec, respectively (see PR dated January 22, 2014). The Buckingham property includes 24 claims located in ranges VIII and IX, Buckingham Township, Quebec, and covers an area of 1,682.8 hectares (4,157 acres). Buckingham is 1.7 kilometers north of the historic Walker graphite mine, which produced graphitic ore from 1876 to 1920. The Tetepiska-East property includes 54 mining claims covering 2,925.72 hectares. The diamond drilling program at Tetepiska will include five to six holes totaling up to 1,200 meters, designed to test the graphitic mineralization at depth as well as its lateral extension.
To assist in funding these drill programs, Cavan is pleased to announce that it has engaged Robson Capital Markets Advisory, a Vancouver based corporate advisory and EMD, to lead an upcoming non brokered financing. Further information regarding such financing will be announced as they are determined. Robson Capital Markets Advisory will also advise Cavan in its further investigation and analysis of the medical marijuana space and potential opportunities therein.
“We are very excited to start working with Robson Capital and are moving ahead in a timely manner towards further development of our graphite interests,” states Peter Swistak, President and CEO of Cavan. “We are also carefully investigating and exploring potential opportunities in the medical marijuana sector, and look forward to working with Robson Capital in that regard as well.”
For more information visit the website at www.cavanventuresinc.com.
ON BEHALF OF THE BOARD
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Peter P. Swistak, President
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company’s plans with respect to its existing graphite interests, future financings, and the analysis and investigation of the medical marijuana sphere. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future and statements concerning the anticipated drilling programs, future financings, and the Company proceeding with any transactions in the medical marijuana sphere. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. In particular, the Company cautions that any financings or potential transactions cannot be predicted with certainty, and there can be no assurance at this time that all required or desirable approvals and consents to affect future financings or proposed transactions will be achieved at all. These forward-looking statements reflect management’s current views and are based on certain expectations and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release.
Neither the 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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>