Cadillac Ventres - CADIF STOCK NEWS

Cadillac Ventures Inc. (TSXV: CDC) announced a failure-to-file cease trade order (FFCTO) from the Ontario Securities Commission as of October 4, 2021, due to delays in submitting key financial documents, including the audited annual financial statements for the year ending May 31, 2021. The delay arose from complications following Cadillac's amalgamation with KFG Resources Ltd. and issues related to the coronavirus pandemic. Management anticipates timely filings post-acquisition, which are expected to reflect positive income effects from the merger.

Cadillac Ventures and KFG Resources announced a proposed plan of arrangement involving voting support agreements with shareholders holding approximately 41.7% of KFG's common shares. The KFG Supporting Shareholders have agreed to vote in favor of the arrangement at an upcoming meeting. This collaboration aims to strengthen shareholder support for the planned arrangement between Cadillac and KFG, enhancing future growth prospects.

Cadillac Ventures Inc. has entered into a definitive arrangement agreement with KFG Resources Ltd., allowing Cadillac to acquire all issued shares of KFG. Each KFG shareholder will receive one Cadillac share for each KFG share held. KFG's subsidiary, KFG Petroleum Corporation, owns significant oil reserves, including primary producing reserves in Mississippi, which will enhance Cadillac's asset portfolio. The agreement requires approval from KFG shareholders and is subject to regulatory conditions. Upon completion, KFG will become a wholly-owned subsidiary of Cadillac.

Cadillac Ventures Inc. (TSXV:CDC, OTC PINK:CADIF) held its Annual General and Special Meeting on November 11, 2020, in Pickering. All proposed items were approved, including the sale of the Thierry Mine Project and the appointment of Dale Matheson Carr-Hilton Labonte LLP as auditors. The meeting also re-approved the current stock option plan and granted directors the ability to consolidate share capital between one-for-three and one-for-ten. Directors elected include Norman Brewster, Neil Novak, Maurice Stekel, and Rahim Allani.

Cadillac Ventures Inc. (TSXV:CDC)(OTC PINK:CADIF) has announced a letter of intent to amalgamate with KFG Resources Ltd. (KFG/KFGRF), aiming for shareholder approval. The proposed deal involves a one-for-one exchange of KFG shares for Cadillac shares, anticipated to enhance value for both companies. Post-amalgamation, Cadillac plans a share consolidation on a 1-for-3 basis. Directors from both firms believe this merger will lead to a more diversified company with improved cash flows and reduced operational costs, benefiting their respective shareholder bases.

Braveheart Resources Inc. (BHT) and Cadillac Ventures Inc. (CADIF) have finalized a definitive share purchase agreement for the acquisition of the Thierry Mine Project located near Pickle Lake, Ontario. Braveheart will pay $300,000 in cash and issue 13.5 million shares, along with a 2% net smelter royalty. The Thierry Project, a previous copper and nickel mine, spans approximately 4,700 hectares and includes existing underground infrastructure. A shareholder meeting is scheduled for November 11, 2020 to approve the sale, with closure expected by the end of November 2020.

Cadillac Ventures (TSXV:CDC)(OTC PINK:CADIF) has announced the termination of the Earn In Option Agreement with Northern Fox Resources Inc. (NFR). The termination occurred after NFR failed to meet all conditions of the Agreement within the allotted time. Consequently, the two companies have concluded the Earn-In Agreement amicably, with NFR retaining no interests in the Thierry Property. This marks a significant shift for Cadillac, as it now moves forward without obligations tied to the previous arrangement.