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Cascada Silver Announces Exchange of Subscription Receipts
Toronto, Ontario--(Newsfile Corp. - July 30, 2024) - Cascada Silver Corp. (CSE:CSS) (the "Cascada") is pleased to announce that, further to its news release dat
About this update from Aterra Metals Inc.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - July 30, 2024) - Cascada Silver Corp. (CSE:CSS) (the \"Cascada\") is pleased to announce that, further to its news release dated July 16, 2024 announcing shareholder approval of an ordinary resolution, on July 18, 2024, it issued an aggregate of 57,125,676 Cascada common shares (the \"Shares\") on the exchange of 57,125,676 subscription receipts that were issued by Cascada in a private placement offering that closed on June 5, 2024 (the \"Closing Date\"). Cascada confirms that it has received approximately $742,634 in gross proceeds raised under the private placement offering which have been released from escrow by its subscription receipt agent in connection with the issuance of Shares. The Shares issued on exchange of the subscription receipts are subject to a statutory hold period of four months and one day from the Closing Date. This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws. About Cascada Silver Corp. Cascada Silver is a mineral exploration company focused on exploration opportunities in Chile. Cascada Silver's team of successful exploration professionals are dedicated to the discovery of mineral deposits that can be progressed into economically viable development projects creating value for all stakeholders. On behalf of Cascada Silver Corp., Carl Hansen, CEOPhone: 416-907-9969 For additional information, please contact us at: [email protected] CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This press release contains certain \"forward-looking statements\" within the meaning of Canadian securities legislation, including, but not limited to, statements regarding Cascada's plans with respect to the its projects and the timing related thereto, the merits of Cascada's ...