The subscribers to the private placement are Mr. Bill McWilliam, the CEO of Cascadero, and Mr. Bradley L. Jones, the CFO and Chairman of Cascadero.
Completion of the financing is subject to the approval of the financing by the TSX Venture Exchange.
Cascadero intends to use the proceeds of the financing for exploration of Cascadero's'Toodoggone properties in north central British Columbia and general corporate purposes.
Bradley L. Jones, c.a.
Chief Executive Officer
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cascadero Copper Corporation ("Cascadero") announced today that it has arranged a non brokered private placement of 600,000 units at $0.30 per unit, each unit being comprised of one common share and warrant entitling the holder to acquire one additional common share at a price of $0.45 per share for a period of two year after closing of the financing.