Cascade Copper Closes Final Tranche of Oversubscribed Private Placement

Executive Summary

• Cascade Copper Corp. closed the final tranche of its previously announced non‑brokered private placement, raising CAD $659,728 in gross proceeds.
• The offering consisted of 8,462,500 Critical Minerals Flow‑Through Units at $0.04 each and 8,923,002 Non‑Flow‑Through Units at $0.036 each, each unit containing one common share plus a half‑share purchase warrant exercisable at $0.05 for 36 months.
• Proceeds will be used primarily for eligible Canadian exploration expenses on Ontario and British Columbia projects (flow‑through portion) and general working capital (non‑flow‑through portion).

Key Details

• Total Gross Proceeds: CAD $659,728.
• Units Issued:
• 8,462,500 FT Units @ $0.04 per unit → CAD $338,500.
• 8,923,002 NFT Units @ $0.036 per unit → CAD $321,228.
• Unit Composition: Each unit = 1 common share + ½ warrant; full warrant exercisable into one common share at $0.05 for 36 months from each tranche’s closing date.
• Hold Period: All securities subject to a four‑month hold period under Canadian securities laws, plus any additional jurisdictional restrictions.
• Insider Participation: Insiders subscribed to units; transaction qualifies as a related‑party transaction under MI 61‑101 but remains exempt from valuation and minority approval requirements (units represent <25 % of market cap).
• Use of Proceeds:
• FT proceeds → eligible Critical Mineral Canadian Exploration Expenses for projects in Ontario & British Columbia.
• NFT proceeds → general working capital.
• Post‑Closing Share Count: 64,632,497 shares issued and outstanding.
• Qualifying Expenditures: Company will renounce qualifying expenditures to FT subscribers for FY ending Dec 31 2025 and incur required expenditures by Dec 31 2026.

Notable Quotes

(No direct quotes were provided in the release.)