Business News • MarketWire • Pacific Wally Capital Inc. Purchases Units in Cavan Ventures Inc. |
Pacific Wally Capital Inc. Purchases Units in Cavan Ventures Inc. |
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Pacific Wally Capital Inc. Purchases Units in Cavan Ventures Inc.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 19, 2010) - Pacific Wally Capital Inc. ("Pacific Wally") announces that pursuant to the closing of a private placement (the "Private Placement") as of today's date, it purchased 1,250,000 units (the "Units") of Cavan Ventures Inc. (the "Company"), at a price of $0.20 per Unit, with each Unit consisting of one common share and one-half of a non-transferable share purchase warrant (a "Warrant"). Each whole Warrant is exercisable into one additional common share, at a price of $0.30 per share, until May 19, 2012. Prior to the purchase of these Units, Pacific Wally owned an aggregate of 1,250,000 common shares of the Company and 625,000 warrants to acquire an additional 625,000 shares of the Company. As a result of the Units of the Company acquired by Pacific Wally under the Private Placement, at present, Pacific Wally owns
View More : http://www.marketwire.com/mw/release.do?id=1263706&sourceType=3
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