CAVAN VENTURES INC
Suite 1220 - 789 W. Pender St., Vancouver, BC V6C 1H2 Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988
CAVAN ANNOUNCES BUCKINGHAM OPTION
October 15th, 2015, VANCOUVER, B.C. - CAVAN VENTURES INC. (TSX-V:CVN) ('Cavan' or
the 'Company') announces it has signed an option agreement with Ashburton Ventures Inc. (TSX- V:ABR) whereby Ashburton can acquire a 60% interest in the Buckingham graphite project located in the Buckingham Township, Quebec.
Terms of the deal call for Ashburton to issue 1.5 million shares and incur $200,000 expenditures year one and the further issuance of 1.5 million shares, incur $250,000 expenditures and pay $25,000 cash year two. This transaction is subject to TSX Venture approval.
Cavan Venture's mission is to identify, acquire, and advance high potential mining prospects located in North America for the benefit of its stakeholders. For more information visit the website at www.cavanventuresinc.com.
ON BEHALF OF THE BOARD
Peter P. Swistak, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
Forward-Looking Statement:
Some statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Cavan Ventures Inc. Actual results may differ materially from those currently anticipated in such statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
981989.1