DEBT SETTLEMENT AMENDED
MAY 15th 2017
On April 27th the Company agreed to settle part of the accounts payable to its Chairman, Bill McWilliam.
The Company has amended the term of the agreement to be 48 months for a total debt repayment of $120,000 at a deemed value of $0.09 per Cascadero share from February (Q2) 2013 to February (Q2) 2017 for a total of 1,333,333 shares.
The McWilliam related party receivable is unsecured and does not accrue interest. This reduction in the related party payable to McWilliam will improve the Company’s balance sheet and lower the working capital deficiency and he apologises for the error.
Cascadero Copper Corp
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