Financings

Cascade Copper Closes First Tranche of Oversubscribed Private Placement

By The Northwire Desk — AI Analysis Dec 18, 2025 · 20:15 CASC · 0.04 Cascade Copper Corp.

CASC · Price

Cascade Copper Corp. closed the first tranche of its non‑brokered private placement, raising C$600,000 in gross proceeds.
The tranche consisted of 7,800,000 FT Units at $0.04 each and 8,000,002 NFT Units at $0.036 each; each unit includes one common share plus a half‑share purchase warrant exercisable at $0.05 for 36 months after the final tranche closes.
Proceeds will be used primarily for eligible Critical Mineral Canadian Exploration Expenses on Ontario and British Columbia projects (FT proceeds) and for general working capital (NFT proceeds).

Offering Size & Structure
Total gross proceeds: C$600,000.
Units issued: 7,800,000 FT Units @ $0.04 per unit; 8,000,002 NFT Units @ $0.036 per unit.
Each unit = 1 common share + ½ warrant; full warrant convertible into one common share at $0.05.
Warrant Terms
Exercise price: $0.05 per share.
Exercisable for 36 months from the closing of the final tranche.
Regulatory & Holding Restrictions
Subject to CSE approval and other regulatory clearances.
All securities subject to a four‑month hold period under Canadian securities law, plus any additional jurisdictional restrictions.
Related Party Transaction
Insiders participated; the transaction qualifies for exemption under MI 61‑101 (valuation & minority approval thresholds not exceeded).
Use of Proceeds
FT Unit proceeds → eligible Critical Mineral Canadian Exploration Expenses for projects in Ontario and British Columbia.
NFT Unit proceeds → general working capital.
Share Count Post‑Closing
Shares issued & outstanding after this tranche: 63,046,997.
Future Tranche
Company may issue up to a 10 % over‑allotment in a second tranche expected to close within the next week.
Qualifying Expenditures Commitment
Intends to renounce qualifying expenditures for FY ending 31 Dec 2025 and incur them by 31 Dec 2026 per regulatory requirements.

(No direct quotes were provided in the release.)

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