|February 04, 2008|
Cadillac Announces $2.0 Million Private Placement
|Toronto, February 4, 2008 - Cadillac Ventures Inc. (CDEX-CNQ) ("Cadillac") is pleased to announce that it intends to conduct a $2.0 million non-brokered private placement financing pursuant to which it will issue common shares at $0.64 per share. Subject to regulatory approval, the financing is expected to close in February 2008. The proceeds from the financing will be used for exploration expenditures and general working capital purposes. The securities issued hereunder will be subject to restrictions on resale for four months.|
Cadillac is publicly traded on the CNQ under the symbol CDEX. Currently, in addition to the joint venture on the Burnt Hill Project, Cadillac also holds the New Alger Project which encompasses the historic New Alger Mine, located in the highly prospective Cadillac Break Mining Camp. The New Alger Mine has been sporadically productive but has not been fully explored or exploited. The property is situated contiguous to the O'Brien Mine and approximately 300 m to the SE of the LaRonde Mine.
For more information regarding Cadillac please visit our website at www.cadillacventures.com
Or call Norm Brewster, President at (416)815-8666
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