TORONTO, Feb. 20 /CNW/ - Trafigura Beheer B.V. Amsterdam announced that
it has acquired 6,542,056 units of Cadillac Ventures Inc. pursuant to a
non-brokered private placement financing. Each unit consists of one common
share plus one half of one common share purchase warrant. Each whole warrant
will be exercisable for 18 months for one common share at $0.37 per share. As
a result Trafigura Beheer B.V. now exercises control or direction over an
aggregate of 10,760,806 common shares of Cadillac Ventures Inc., which
represents approximately 25.7% of the outstanding Cadillac Ventures Inc.
Trafigura is one of the world's leading international commodity traders,
specializing in the oil, minerals and metals market, with 54 offices in 37
countries in Europe, North America, Latin America, Africa, Asia and Australia.
Founded in 1993, Trafigura has achieved substantial growth in the last
five years, growing turnover from US$ 12 billion in 2003 to US$ 51 billion in
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