A finder fee of $50,000 is payable in connection with the private placement.
The securities issued pursuant to the private placement have a hold period expiring November 18, 2008.
Bradley L. Jones, c.a. Bill McWilliam
President, Chairman, CFO Chief Executive Officer
(416) 510-8397 (604) 999-0391
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.
Cascadero Copper Corporation ("Cascadero") announced today that it has closed its non brokered private placement of 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 on or before July 17, 2010.