Cascadia completes shares for debt deal

Executive Summary

• Cascadia Minerals completed the issuance of 2,702,883 common shares to settle debt and severance liabilities related to its acquisition of Granite Creek Copper Ltd.
• Shares were issued at a volume‑weighted average price of 15.389 cents per share, based on trading over the five days following the Aug. 13, 2025 closing of the acquisition.
• The issued shares are subject to a hold period that expires on Dec. 27, 2025.

Key Details

• Share Issuance Totals: 2,702,883 Cascadia common shares issued in total.
• Recipient – Mr. Andrew Carne: 1,169,666 shares issued to former Granite Creek CEO Timothy Johnson (note: the release header mentions “Mr. Andrew Carne reports,” but the allocation is to Mr. Johnson).
• Severance Settlement: An additional 1,533,217 shares issued to settle a severance liability owed by Granite Creek relating to its prior acquisition of Copper North Mining Corp.
• Pricing Methodology: Shares priced at C$0.15389 each, the volume‑weighted average price on the TSX Venture Exchange for the five trading days after the Aug. 13, 2025 acquisition closing.
• Regulatory Exemption: Issuance relied on the prospectus exemption under Section 2.24(1) of NI 45‑106 (Canadian Securities Administrators).
• Hold Period: All issued shares are subject to a securities law hold period ending Dec. 27, 2025.
• Reference to Prior Release: The settlement details were previously announced in Cascadia’s Aug. 20, 2025 news release; this filing confirms completion.

Notable Quotes

(No direct quotes from executives were provided in the release.)