Cascade Copper Closes First Tranche of Oversubscribed Private Placement

Core Viewpoint - Cascade Copper Corp. has successfully closed the first tranche of a non-brokered private placement, raising a total of $600,000 (CDN) and plans to conduct a second tranche due to high demand [1]. Group 1: Offering Details - The first tranche included the issuance of 7,800,000 Critical Minerals Flow-Through units at $0.04 each and 8,000,002 Non-Flow-Through Units at $0.036 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 $0.05 for a period of 36 months from the closing date of the final tranche [2]. - The offering is subject to regulatory approvals, including acceptance from the Canadian Securities Exchange, and all securities will have a four-month hold period from the closing date [3][6]. Group 2: Use of Proceeds - Proceeds from the sale of Flow-Through Shares will primarily fund eligible Critical Mineral Canadian Exploration Expenses and exploration programs in Ontario and British Columbia [5]. - Proceeds from Non-Flow-Through shares will be allocated for the general working capital of the company [5]. Group 3: Insider Participation - The offering included participation from insiders, which is classified as a related party transaction under Multilateral Instrument 61-101, with the company relying on exemptions from valuation requirements and minority approval [4]. Group 4: Company Overview - Cascade Copper is an exploration stage natural resource company focused on evaluating, acquiring, and exploring copper-based mineral resource properties, particularly in British Columbia and Ontario [8]. - The company is utilizing modern technology for exploration, including 3D inversion modeling and AI-enhanced predictive modeling, and has plans for drilling on several copper projects this year [8].