VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 9, 2009) - Cavan Ventures Inc. (the "Company") (TSX VENTURE:CVN) is a public mineral exploration company based in Vancouver, British Columbia trading on the TSX Venture under the symbol, CVN. The Company has arranged a non-brokered private placement for up to an amount of $250,000 to "accredited investors" in Canada. Cavan intends to issue up to 1,250,000 units at a price of $0.20 per unit.
Each of the units will consist of one common share, plus one half non-transferable share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a price of $0.30 per share for a period of two years.
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