Cascadero Copper Corp announces a non-brokered private placement of up to 16,666,666 Units at C$0.03 per Unit for gross proceeds of $500,000.
Each Unit consists of one Common Share and one Common Share Purchase Warrant. One Common Share Purchase Warrant entitles the holder to purchase one Common Share at C$0.05 per share for a period one year from closing. The units are subject to a 121-day hold period from closing.
There will be finder fees payable. The Share Warrant is not transferrable.
Completion of the financing is subject to regulatory approval, including acceptance of the financing by the TSX Venture Exchange.
Subject to closing the 16,666,666 unit offering, Cascadero will have 168,359,194 million shares issued. Cascadero intends to use the proceeds for continued exploration on its Argentine properties.
Bill McWilliam
President/CEO
Cascadero Copper Corp
604-999-0391
Email: bill@cascadero.com
Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release.
