Business
PACIFIC CASCADE SETS ANNUAL AND SPECIAL GENERAL MEETING
PACIFIC CASCADE SETS ANNUAL AND SPECIAL GENERAL MEETING
About this update from Bathurst Metals Corp
[{"type":"text","content":"\nPACIFIC CASCADE SETS ANNUAL AND SPECIAL GENERAL MEETING\n\n\n Mar. 23, 2010 (TheNewswire.ca) -- Vancouver, British Columbia, Canada - March 23, 2010 - Pacific Cascade Minerals Inc. (TSXV:PCV) (the \"Company\") The Board of Directors of Pacific Cascade Minerals Inc. (the \"Company\") is pleased to report that it has completed and mailed the Information Circular for its Annual and Special General Meeting to be held on April 16th 2010. The purpose of this meeting, other than annual business, is to seek shareholder approval for the Company's proposed change of business from a mining issuer to a technology issuer. The Company proposes to enter into a joint venture with The Biofuel Partnership Limited of Molindinar, Queensland, Australia, as described in the Company's news release of January 26, 2010. The joint venture, to be called Biofuel Partnership International, will be granted an exclusive, perpetual license for the worldwide marketing, distribution and sale of the BioCube and related products and services. The BioCube is a self contained, portable biodiesel production facility capable of producing 2000 litres of biodiesel per day.Concurrently the Company has entered into a brokered private placement to raise $1,750,000.00 with Jordan Capital Markets Inc. as sponsoring broker. Of these funds $1,250,000 are to meet the Company's obligation to fund the joint venture and earn its 50% interest in Biofuel Partnership International with the balance for working capital. Proposed closing date for the private placement is April 20th 2010 to meet the funding date of April 30, 2010 specified in the Company's agreement with The Biofuel Partnership Limited.The proposed change of business is subject to a number of conditions, including Exchange and shareholder approval and completion of the private placement.The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this news release.We seek Safe Harbor.ON BEHALF OF THE BOARD OF DIRECTORS,\"Harold Forzley\"Harold ForzleyPresident & CEOPacific Cascade Minerals Inc.Contact:MainStephen Millen (604) 685-5851 or Toll Free: (888) 685-5851 Fax: (604) 685-7349Website: www.pacificcasc...