Pacific Cascade Minerals Inc. - Private Placement Financing Completed

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[{"type":"text","content":"\n\n\n\nTSX-V: PCV\n\n\nVANCOUVER, Nov. 15 /CNW/ - Pacific Cascade Minerals Inc. is pleased to\nannounce that it has completed the private placement financing of units\nannounced in October of this year through Becher McMahon Capital Markets Inc.\nThe agreement provided for a total of $1,500,000 to be raised as follows:\n\n\n$500,000 by the issuance of 2,000,000 non Flow Through Units at $0.25\nconsisting of one common share and one full share purchase warrant. Each full\nwarrant entitles the holder to purchase one additional common share at $0.35\nfor a period of one year, and;\n\n\n$1,000,000 by the issuance of 3,333,333 Flow Through Units at $0.30\nconsisting of one Flow Through share and one-half of one share purchase\nwarrant. Each full warrant entitles the holder to purchase one additional\nshare at $0.40 for a period of one year.\n\n\nBoth sets of warrants are exercisable for 18 months from the date of\nclosing.\n\n\nA finder's fee was paid on a portion of the offering.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS,\n\n\n"Harold Forzley"\n\n\nHarold Forzley\n\n\nPresident & CEO\n\n\nPacific Cascade Minerals Inc.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or the accuracy of this release.\n\n\nWe seek Safe Harbor.\n\n\n","length":1399,"tagName":"div"}]

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