Business
Cascadia Announces C$4.1M Non-Brokered Private Placement
Cascadia Minerals Ltd. ("Cascadia") (TSXV: CAM) (OTCQB: CAMNF) is pleased to announce a non-brokered private placement(the "Offering") of up to $4,106,667...
About this update from Cascadia Minerals Ltd
[{"type":"text","content":"/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/","length":90,"tagName":"p","attribs":{}},{"type":"text","content":"VANCOUVER, BC, Dec. 1, 2025 /CNW/ - Cascadia Minerals Ltd. ("Cascadia") (TSXV: CAM) (OTCQB: CAMNF) is pleased to announce a non-brokered private placement(the "Offering") of up to $4,106,667 led by strategic investor Michael Gentile, one of Cascadia's largest shareholders.","length":297,"tagName":"p"},{"type":"image","alt":"Cascadia Minerals Ltd. logo (CNW Group/Cascadia Minerals Ltd.)","displaySize":"","headline":null,"caption":"Cascadia Minerals Ltd. logo (CNW Group/Cascadia Minerals Ltd.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":206,"url":"https://media.zenfs.com/en/cnwgroup.com/a064d72788298b2e8b790e55a2c5a684"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/cFvPjHtquiredw6Xg_.fxA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM2MztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/a064d72788298b2e8b790e55a2c5a684","width":400,"height":206}},"href":"https://mma.prnewswire.com/media/2834889/Cascadia_Minerals_Ltd__Cascadia_Announces_C_4_1M_Non_Brokered_Pr.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Offering will consist of the sale of:","length":41,"tagName":"p"},{"type":"text","content":"a) 6,666,667 non-flow-through units (the "NFT Units") to be sold at a price of $0.15 per NFT Unit, for total gross proceeds of approximately $1,000,000; and","length":166,"tagName":"p","attribs":{}},{"type":"text","content":"b) 13,333,333 critical minerals flow-through units (the "CFT Units") to be sold at a price of $0.233 per CFT Unit for total gross proceeds of approximately $3,106,667.","length":177,"tagName":"p","attribs":{}},{"type":"text","content":""With the success of our initial resource expansion drill campaign at the Carmacks Property this fall we will be undertaking a significantly expanded work program next year," stated Graham Downs, Cascadia's President and CEO, "This financing will fully fund a planned 15,000 m diamond drilling program in 2026, which will continue to test expansion of the core Carmacks Deposit, as well as evaluate numerous compelling regional targets. In addition, results from a further eight resource expansion holes drilled t...