Cascadero Copper Corporation ("Cascadero" or the "Company") (TSXV: CCD) is pleased to announce that it has closed the second and final tranche of its non-brokered private placement announced on Aug 13th, 2012. On second closing, the Company will issue 16,005,000 units (the "Units") at a price of $0.10 per Unit for gross proceeds of $1,600,500. Each Unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire an additional common share of Cascadero until September 18th 2014 at a price of $0.12 per share. The Non-Brokered Private Placement was oversubscribed by approximately 20% for a total of $2,430,000 and a total of 24,300,000 units will be issued.
All securities issued pursuant to the second tranche are subject to a hold period expiring on January 17th 2013.
The private placement is subject to regulatory approval and, in accordance with Exchange policies, finder fees may be payable on a portion of the funds raised.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility of the adequacy or accuracy of this release.