CAVAN VENTURES INC. (V:CVN.H) (“Cavan” or the "Company”) is pleased to announce the Company has closed a first tranche of its previously announced non-brokered flow through private placement (see PR’s dated October 16, 2017 and November 17, 2017) issuing 2,985,000 units (the “Units”) at a price of $0.10 per Unit for aggregate gross proceeds of $298,500.