Cascade Copper closes $401,255 private placement

Executive Summary

• Cascade Copper Corp. completed a non‑brokered private placement of units, raising $401,255 in gross proceeds.
• The offering consisted of 2,875,000 critical mineral flow‑through (FT) units at $0.04 each and 8,178,713 non‑flow‑through (NFT) units at $0.035 each, each unit containing one common share plus a half‑share purchase warrant exercisable at $0.07 for 24 months.
• Proceeds will be allocated to eligible Canadian critical‑mineral exploration expenses in Ontario and British Columbia (FT proceeds) and general working capital (NFT proceeds).

Key Details

• Total gross proceeds: $401,255.
• Units issued:
• 2,875,000 FT units @ $0.04 per unit → $115,000 gross.
• 8,178,713 NFT units @ $0.035 per unit → $286,255 gross.
• Unit composition: Each unit = 1 common share + ½ common‑share purchase warrant.
• Warrant terms: Full warrant exercisable into one common share at $0.07 for 24 months from each tranche closing.
• Tranche structure: Offering closed in three tranches; all regulatory approvals (including CSE acceptance) obtained.
• Hold period: All securities subject to a four‑month hold period under Canadian securities laws, plus any applicable foreign restrictions.
• Post‑offering share count: 47,172,001 shares issued and outstanding.
• Insider participation: Included related‑party transaction; exemption relied upon under MI 61‑101 (valuation <25% of market cap).
• Use of proceeds:
• FT proceeds → eligible critical‑mineral exploration expenses in Ontario & BC.
• NFT proceeds → general working capital.
• Renunciation timeline: Company will renounce qualifying expenditures for FY ending Dec 31, 2025 and incur required qualifying expenditures by Dec 31, 2026 per regulatory rules.

Notable Quotes

(No executive quotes were provided in the release.)