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Cascade Copper Closes Final Tranche of Oversubscribed Private Placement
Thenewswire· 2025-12-24 03:00
Core Viewpoint - Cascade Copper Corp. has successfully closed the final tranche of its non-brokered private placement, raising a total of $659,728 (CDN) through the issuance of units [1] Group 1: Offering Details - The Offering included 8,462,500 Critical Minerals Flow-Through units at a price of $0.04 each and 8,923,002 Non-Flow-Through Units at a price of $0.036 each [2] - Each unit consists of one common share and one-half common share purchase warrant, with each full warrant exercisable at $0.05 for 36 months from the closing date [2] - The Offering is subject to regulatory approvals, including acceptance from the Canadian Securities Exchange, and all securities issued will have a four-month hold period [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 [4] - The Company is relying on exemptions from valuation requirements and minority approval as the value of the subscribed Units does not exceed 25% of the Company's market capitalization [4] Group 4: Company Overview - Cascade Copper is an exploration stage natural resource company focused on the evaluation, acquisition, and exploration of copper-based mineral resource properties [8] - The Company is engaged in exploring copper and gold deposits in British Columbia and Ontario, utilizing modern technology for exploration [8] - Cascade has five projects, including the Copper Plateau Copper-Moly Project and the Centrefire Copper Project, with drilling planned for several projects this year [8]