Rochester, New York 1/20/2010 9:45:00 AM
News / Business

Cadillac Ventures Closes Acquisition of Richview Resources

Cadillac Ventures Inc. (TSX-V: CDC) has completed its acquisition of Richview Resources Inc. The acquisition was completed through the amalgamation of Richview with a 100% owned subsidiary of Cadillac.

 

Pursuant to the amalgamation, each common share of Richview has been exchanged for 1/9th of a Cadillac common share. Based on 143,046,081 issued and outstanding common shares of Richview, Cadillac has issued 15,893,983 Cadillac common shares under the amalgamation.

 

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Following this acquisition, Cadillac now owns the Thierry Mine property in northwest Ontario, adjacent to the Town of Pickle Lake.

 

About Cadillac

Cadillac is a development-focused exploration Company which owns the past-producing Thierry Mine near Pickle Lake in Northern Ontario, two Canadian exploration projects, located in regions that have been historically active, and exploration projects in Spain.

 

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