Cascadero Copper Corp announces a non-brokered private placement of up to 2,000,000 Flow-Through Units at C$0.16 per Unit for gross proceeds of $320,000.
Each Unit consists of one Flow Through Common Share and one Flow Through Common Share Purchase Warrant. One Flow Through Common Share Purchase Warrant entitles the holder to purchase one Flow Through 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 finder fee payable. The Flow Through Common Share Warrant is not transferrable.
Completion of the financing is subject to regulatory approval, including acceptance of the financing by the TSX Venture Exchange.
Subject to closing the 2,000,000 unit offering, Cascadero will have 124.2 million shares issued. Cascadero intends to use the proceeds for continued exploration on its Ontario properties. The Ontario properties are primarily volcanic and intrusive hosted gold prospects in the Sudbury, Timmins and Swayze mineral districts.
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.