Cavan Ventures Inc. (CVN.V) announced the non-brokered private placement for up to C$250,000 to accredited investors in Canada. Cavan intends to issue up to 1.25 million units at C$0.20 per unit. The company intends to use private placement net proceeds for the general corporate working capital.
In connection with placement, Cavan may pay commissions and finders' fees to registered persons and others in an amount equal to 8% of the proceeds from the sale of the units plus broker warrants of 10% of the proceeds from the sale of the units, exercisable at C$0.30 per share for two years.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.