Cascadero Announces Final Closing of Flow-Through Financing
February 1, 2006
Cascadero Copper Corporation ("Cascadero") announced today that it has completed the final closing of its non-brokered private placement for 3,366,667 units at $0.15 per unit. Each unit, being comprised of one flow-through common share and one common share purchase warrant. Each two warrants entitle the holder to acquire one additional common share at a price of $0.25 per share on or before February 1, 2007.
The securities issued pursuant to the final closing have a hold period expiring June 2, 2006.
Cascadero also issued 52,500 units pursuant to finder's fees on the private placement.
Cascadero intends to use the proceeds of the financing for exploration of Cascadero's Toodoggone properties in north central British Columbia.
Bradley L. Jones, c.a.
Chairman, President
416-510-8397
Email: BradleyLJones@Rogers.com
Bill McWilliam
Chief Executive Officer
604-999-0391
Email: Bill@StealthMinerals.com
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