The Company has closed a non-brokered private placement of 2,525,000 Flow-Through Units at C$0.20 per unit for a total cash consideration of $505,000. Each unit consists of one common share and one-half warrant. Two warrants entitle the holder to purchase one additional Flow-Through common share at C$0.25 per share up to December 31st 2011. The units are subject to a four-month hold period. There is no agent or finder fee payable.
Cascadero intends to use the proceeds primarily for exploration on recently acquired properties in Ontario.
The Ontario properties are primarily disseminated gold prospects in the Sudbury, Timmins and Swayze mineral districts.
Subsequent to this offering Cascadero Copper has 105.4 million shares issued.
Cascadero Copper Corp
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