Completion of the Unit offering is subject to regulatory approval, including acceptance of the financing by the TSX Venture Exchange. Subsequent to closing the Unit offering, Cascadero has 108.9 million shares issued.
Cascadero intends to use the proceeds for continued exploration on its Sudbury, Ontario gold properties. The Ontario properties are hosted in gold bearing pyritic sediments.
Cascadero Copper Corp has closed a total of $483,000 for a total of 3,018,750 Flow-Through Units at C$0.16 per Unit. The Unit offering was announced in a news release dated August 15th 2011 and amended in a news release dated August 31st 2011.