Cadillac Ventures Inc. and KFG Resources Ltd. announce the closing of the acquisition of KFG by Cadillac, pursuant to the previously announced plan of arrangement. Following closing of the Arrangement, G. Stephen Guido was appointed to the Cadillac board of directors which is now comprised of five members. Mr. Guido is a director and Vice President, Operations and Chief Operation Officer of KFG and director, President and Chief Executive Officer of KFG's subsidiary, KFG Petroleum Corporation.