TORONTO, ONTARIO–(Marketwired – March 3, 2017) – Cadillac Ventures Inc. (TSX VENTURE:CDC)(OTC:CADIF) (“Cadillac” or the “Company“) is pleased to announce a proposed investment of $900,000 in Cadillac through a non-brokered private placement. The company has negotiated an offer from several independent investors for a total of $600,000 to acquire 12,000,000 units at $0.05 each, with each unit consisting of one common share and one warrant exercisable at $0.07 to acquire one common share for a period of 24 months from closing. A second $300,000 closing is planned for the end of March 2017 for an additional 4,615,385 units at $0.065 per each, with each unit consisting of one common share and one warrant exercisable at $0.08 to acquire one common share for a period of 24 months from closing. A four month hold period will apply to the securities issued. The proceeds from the private placement will be used for general working capital.
