Cascadero Copper Corp announces changes to a non-brokered private placement of up to 1,500,000 Flow-Through units at C$0.20 per unit for a total of $300,000, which was announced on August 15th 2011.
The offering now consists of up to 3,000,000 Flow-Through units at $0.16 per unit for a total of $480,000. Each unit consists of one common share and one warrant. The warrant entitles the holder to purchase one common share at C$0.20 per share for a period of two-years from closing. The units are subject to a 121-day hold period from closing. There is no agent but a finder fee is payable in cash. The warrant is transferrable. The offering will close in tranches. Completion of the financing is subject to regulatory approval, including acceptance of the financing by the TSX Venture Exchange.
Subject to closing the 3,000,000 unit offering, Cascadero will have 108.9 million shares issued. Cascadero intends to use the proceeds for continued exploration on recently acquired properties in Ontario. The Ontario properties are primarily volcanic and intrusive hosted gold prospects in the Sudbury, Timmins and Swayze mineral districts.
Cascadero Copper Corp
For more information, please contact Allan or Janice Feldman at AJF Consultants:
1207 Beach Grove Road, Tsawwassen, BC Office = 604-948-9663 Cell = 604-377-2942