Cava Resources Inc.

01:35 PM EST - Cava Resources Inc. : Has closed the second tranche of its previously announced private placement financing. The Company issued an additional 3,700,000 units at an issue price of $0.20 per unit for proceeds of $740,000 which together with the first tranche resulted in a total issuance of 8,854,000 units for total gross proceeds of $1,770,800. Cava Resources Inc. shares V.CVA are trading unchanged at $0.29.