Cascadero Increases Financing to a Maximum of $2,400,000
April 12, 2006
Cascadero Copper Corporation ("Cascadero") announced today that it has increased its non brokered private placement to up to 8,000,000 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.
Mr. Bill McWilliam, the CEO of Cascadero, and Mr. Bradley L. Jones, the CFO and Chairman of Cascadero will each subscribe for 300,000 units.
Finder's fees may be paid in connection with the financing in accordance with applicable securities laws and TSX Venture Exchange Policies. Completion of the financing is subject to regulatory approval, including acceptance 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.
Chairman, CFO
416-510-8397
Email: BradleyLJones@Rogers.com
Bill McWilliam
Chief Executive Officer
604-999-0391
Email: Bill@Cascadero.com
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