Cascadero Copper Corp has agreed to a private placement financing of 4,500,000 units at US$0.10 per unit. Each unit consists of one common share and one warrant. Each warrant entitles the holder to purchase an additional common share at US$0.15 per share for a period of two-years from closing. The units are subject to a four-month hold period and there is no finder fee payable.
Completion of the financing is subject to regulatory approval, including acceptance of the financing by the TSX Venture Exchange.
Subject to closing, Cascadero will have 102.9 million shares issued.
Cascadero intends to use the proceeds for general working capital purposes and continued exploration of its 50% owned Argentine property portfolio. The Company's focus is copper-gold porphyry prospects.
Cascadero Copper Corp
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.