Cascade Copper Closes Financing

Core Points - Cascade Copper Corp. has successfully closed a non-brokered private placement of units, raising a total of $401,255 through three tranches [1][2][3] Offering Details - The offering included 2,875,000 Critical Minerals FT Units priced at $0.04 each and 8,178,713 Non-Flow-Through Units priced at $0.035 each, with each unit consisting of one common share and one-half common share purchase warrant [2] - Each full warrant is exercisable into a common share at a price of $0.07 for a period of 24 months from the closing date of each tranche [2] Regulatory Compliance - The offering was subject to necessary regulatory approvals, including acceptance from the Canadian Securities Exchange, and all securities issued are subject to a four-month hold period under Canadian securities laws [3] Insider Participation - The offering included participation from insiders, which is classified as a related party transaction. The company is relying on exemptions from valuation requirements and minority approval as the value of the units subscribed does not exceed 25% of the company's market capitalization [4] Use of Proceeds - Proceeds from the sale of FT Shares will primarily fund eligible Critical Mineral Canadian Exploration Expenses and exploration programs in Ontario and British Columbia, while proceeds from Non-Flow-Through shares will be allocated for general working capital [5] Future Plans - The company intends to renounce Qualifying Expenditures to subscribers of Flow-Through Units for the fiscal year ending December 31, 2025, and to incur necessary expenditures by December 31, 2026 [6] Company Overview - Cascade Copper is an exploration stage natural resource company focused on evaluating, acquiring, and exploring copper-based mineral resource properties, with a priority on modern exploration technologies [6] - The company has five projects, including the Copper Plateau Copper-Moly Project and the Centrefire Copper Project, with drilling planned for several copper projects this year [6]