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Cascade Copper Closes Third And Final Tranche Of Financing
Thenewswireยท 2025-09-30 00:00
Core Points - Cascade Copper Corp. has successfully closed the final tranche of a non-brokered private placement, raising a total of $401,255 across three tranches [1][2] - The final tranche raised $123,255, consisting of 1,000,000 Critical Minerals Flow-Through units at $0.04 each and 2,378,714 Non-Flow-Through Units at $0.035 each [1][2] - The proceeds from the Flow-Through Shares will be used for eligible Critical Mineral Canadian Exploration Expenses, primarily funding exploration programs in Ontario and British Columbia [5] Offering Details - The Offering included 2,875,000 Critical Minerals FT Units and 8,178,713 NFT Units across all tranches [2] - Each unit consists of one common share and one-half common share purchase warrant, with full warrants exercisable at $0.07 for 24 months [2] - The Offering is subject to regulatory approvals and a four-month hold period on the issued securities [3][6] Insider Participation - The Offering included participation from insiders, which is classified as a related party transaction [4] - The Company is relying on exemptions from valuation requirements and minority approval due to the subscription value being less than 25% of the Company's market capitalization [4] Company Overview - Cascade Copper is focused on the exploration of copper and gold mineral resources, with projects in British Columbia and Ontario [8] - The Company employs modern technology for exploration, including 3D inversion modeling and AI-enhanced predictive modeling [8] - Cascade has five key projects, including the Copper Plateau Copper-Moly Project and the Rogers Creek Copper-Gold Project [8]