The Corporation has closed a non-brokered private placement with Gold Fields Netherlands Services BV consisting of 400,000 Units at C$0.25 per unit for a total cash consideration of $100,000. The Placement was announced in a news release dated March 7th 2011. Each unit consists of one common share and one warrant. One warrant entitles the holder to purchase one additional common share at C$0.25 per share for one year from closing. The Units are subject to a four-month hold period. There is a residual finder fee payable.
Cascadero intends to use the proceeds for general working capital. Subsequent to this offering Cascadero Copper has 105.9 million shares issued.
Cascadero Copper is focused on copper-gold porphyry prospects in British Columbia and Argentina as well as gold prospects in Ontario, Canada.
Cascadero Copper Corp
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