Cascadero Copper Corporation ("Cascadero" or the "Company") (CCD: TSX-V) announces that subject to acceptance by the TSX Venture Exchange, the Company wishes to amend the exercise price of 10,347,700 common share purchase warrants (the "Warrants") issued in a Private Placement on November 22 2016.
The exercise price of the share purchase warrants will be amended from $0.15 per common share to $0.05 per common share. In accordance with TSX Venture Exchange Policy 4.1, the Warrants will be subject to an acceleration clause: should the closing price of the common shares of the Company on the TSX Venture Exchange be $0.063 or higher for ten consecutive trading days, the Company must accelerate the expiry of the warrants to the date that is 30 business days from the date of the issuance of a news release by the Company announcing the exercise of the acceleration right. All other terms of the warrants remain the same, including the expiry date of December 22 2018.
Cascadero Copper Corporation
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.