DAX ®13.345,00+0,16%TecDAX ®3.157,65+0,19%Dow Jones28.850,00+0,44%NASDAQ 1009.126,62+0,39%
finanztreff.de

PRESS RELEASE: Cadillac Ventures Signs Earn-In Option Agreement

| Quelle: Dow Jones Newsw... | Lesedauer etwa 3 min. | Text vorlesen Stop Pause Fortsetzen


DGAP-News: Cadillac Ventures Inc. / Key word(s): Miscellaneous
Cadillac Ventures Signs Earn-In Option Agreement
2019-12-09 / 23:10
The issuer is solely responsible for the content of this announcement.

*TORONTO, ON / Accesswire / **December 9, 2019 /* Cadillac Ventures
(TSXV:CDC)(OTC:CADIF) (*Cadillac*) announces that it has signed an Earn-In
Option Agreement with Northern Fox Resources Inc. (*NFR*). The agreement
relates to Cadillac's 100% interest in the Thierry Mine Property located in
the Pickle Lake area of Ontario.

The terms of the agreement are as follows:

(i) Within 90 days (by March 9, 2020) NFR will pay a previously agreed upon
$300,000 to Cadillac ($75,000 of which has been advanced) following
financing of NFR (*NFR Financing*) to have the right to earn a 51% interest
in the property;

(ii) NFR will issue 10,000,000 NFR shares to Cadillac, subject to regulatory
approvals, within 60 days following the NFR Financing;

(iii) NFR will issue to Cadillac a $1,250,000 note secured by a first charge
against NFR's interest in the property.

The note will then be retired proportionately to work expenditures on the
property as follows:

? 30% ($375,000) will be retired on the completion, within 12 months of
the NFR Financing closing date, of the $1,250,000 work program appended to
the agreement;

? 40% ($500,000) will be retired on the delivery of a Feasibility Study by
NFR to Cadillac within 24 months of the NFR Financing closing date;

? 30% ($375,000) will be retired on the earlier of acceptance of an
Environmental Study or 36 months from the NFR Financing closing date.

Should the above terms in any of (i), (ii) or (iii) above independently not
be met, then the option shall be null and void.

On completion of the 51% earn-in, NFR will have the option to earn a further
10% interest by spending a further $2,000,000 over 2 years. After a
61%interest is earned by NFR, a formal joint venture agreement will be drawn
up between the Cadillac and NFR.

For more information regarding Cadillac, please visit the Company's website
at www.cadillacventures.com, or call Norman Brewster, President and Chief
Executive Officer, at 416 203-7722.

_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. _

*SOURCE: *Cadillac Ventures Inc.

News Source: Issuer Direct

2019-12-09 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Cadillac Ventures Inc.

United States
EQS News ID: 931941

End of News DGAP News Service

931941 2019-12-09



(END) Dow Jones Newswires

December 09, 2019 17:10 ET ( 22:10 GMT)
Werbung

Das könnte Sie auch interessieren

Weitere Nachrichten

Quelle: Dow Jones Newswire Web
18:18 Lyxor Dow Jones Industrial Average UCITS ETF - Dist: Net Asset Value(s) Lyxor ETF DJ Industrial Average 261,90 +0,46%
18:18 Lyxor DJ Global Titans 50 UCITS ETF - Dist: Net Asset Value(s) Lyxor UCITS ETF DJ Glo D-EUR 43,41 +0,93%
18:18 Lyxor Japan (TOPIX) (DR) UCITS ETF - Dist EUR: Net Asset Value(s) Lyxor ETF Japan (TOPIX) 135,20 +0,13%
18:18 Lyxor MSCI Europe (DR) UCITS ETF - Dist: Net Asset Value(s) Multi Units France SICAV - Lyxor MSCI Europe (DR) UCITS ETF 137,64 +0,48%
18:18 Lyxor MSCI USA UCITS ETF - Dist: Net Asset Value(s) Lyxor ETF MSCI USA 287,25 +0,37%
18:18 DGAP-Adhoc: Südzucker AG: Veränderungen im Vorstand der Südzucker AG SÜDZUCKER 14,85 -0,34%
18:18 DGAP-Adhoc: Südzucker AG: Changes in executive board of Südzucker AG SÜDZUCKER 14,85 -0,34%
18:18 Lyxor MSCI World UCITS ETF - Dist: Net Asset Value(s) Lyxor ETF MSCI World 214,25 +0,49%
18:18 Lyxor MSCI India UCITS ETF - Acc (USD): Net Asset Value(s) Lyx UETF MSCI India C-$ 18,99 -0,48%
18:18 Lyxor MSCI Emerging Markets UCITS ETF - Acc USD: Net Asset Value(s) MUF Lyxor MSCI Emergin C-USD 12,42 -0,12%
Rubrik: Finanzmarkt
18:19 ROUNDUP/Aktien Europa Schluss: Weiter auf Erholungskurs FRA40 5.960,30 +0,67%
18:18 Trump unterzeichnet neues Freihandelsabkommen für Nordamerika
18:18 DGAP-Adhoc: Südzucker AG: Veränderungen im Vorstand der Südzucker AG (deutsch) SÜDZUCKER 14,85 -0,34%
18:17 Ölpreise etwas gestiegen
18:15 Farage: 'Wir hassen die Europäische Union'
18:14 VIRUS/GESAMT-ROUNDUP 2: Coronavirus befällt die Wirtschaft - Fallzahlen steigen
18:12 VIRUS/ROUNDUP: Coronavirus: USA fliegen mehr als 200 Staatsbürger aus Wuhan aus
18:11 Von der Leyen kündigt Briten eine klare Verhandlungslinie an
18:10 ROUNDUP 2: IAA verlässt Frankfurt - drei Städte im Rennen für 2021
18:07 Aktien Europa Schluss: Weiter auf Erholungskurs FRA40 5.960,30 +0,67%

News-Suche

Suchbegriff:

Aktuelle Videos

zur Mediathek
Werbung

Werbung
Diese Seite empfehlenschliessen
Interessant, oder?
Teilen Sie diese Seite auf Facebook oder Twitter
Wenn Sie auf die Teilen-Buttons klicken und sich bei den Betreibern einloggen, werden Daten an den jeweiligen Betreiber übermittelt. Bitte beachten Sie die Datenschutzerklärung.
Aktuelle Umfrageschliessen
Der Medienkonzern Axel Springer will sich von der Börse zurückziehen. Werden Sie das Unternehmen an der Börse vermissen?
Jetzt abstimmen!
Alle Umfragen ansehen