North Vancouver, BC, CANADA, September 11, 2020 – CASCADERO COPPER CORPORATION ("Cascadero") announces that further to Cascadero's news release dated July 21, 2020, Mr. Lorne Harder, interim Chief Financial Officer, Corporate Secretary and a Director of Cascadero, through his wholly-owned company, Springhill Investments Ltd. ("Springhill"), has exercised the bonus warrants issued to Springhill in connection with the loan transaction announced on July 2, 2020, pursuant to which Cascadero obtained a non-interest bearing, unsecured loan of $200,000 from Springhill (the "Bonus Warrants"). The Bonus Warrants were exercisable at an exercise price of $0.025 per common share (each, a "Common Share") for a total purchase price of $200,000. In accordance with National Instrument 45-102, the Common Shares are subject to the balance of the hold period of four months and a day that commenced to toll on the issue date of the Bonus Warrants, and cannot be traded before November 22, 2020.
Cascadero intends to use the proceeds realized from the exercise of the Bonus Warrants for general working capital.
For more information, contact:
Dr. George Gale
Interim CEO
Phone: (604) 985-3327
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.
