Cascadero Copper Corporation ("Cascadero") announced today a proposed non brokered private placement of up to 20,000,000 units at $0.10 per unit, each unit being comprised of one common share and one warrant to acquire one additional common share at a price of $0.10 per share for a period of two years after closing of the private placement.
Finder's fees will be paid in connection with the private placement in accordance with applicable securities laws and TSX Venture Exchange Policies. Completion of the private placement is subject to regulatory approval, including acceptance of the private placement by the TSX Venture Exchange.
Cascadero intends to use the net proceeds of the private placement for exploration of its Toodoggone properties and for working capital.
Bradley L. Jones, c.a.
President, Chairman, CFO
Chief Executive Officer
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Information provided herein contains forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Cascadero at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Cascadero that actual results achieved will be the same in whole or in part as those indicated in the forward-looking statements.