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Cascadia Announces Closing of Upsized Private Placement
Cascadia Announces Closing of Upsized Private Placement Canada NewsWire VAN...
About this update from Cascadia Minerals Ltd
[{"type":"text","content":"\n \n \n \n Cascadia Announces Closing of Upsized Private Placement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Aug. 24, 2023\n \n \n /CNW/ - Cascadia Minerals Ltd. (\"\n \n Cascadia\n \n \") (TSXV: CAM) is pleased to announce that it has closed the private placement originally announced on\n \n August 1, 2023\n \n as amended by its news release dated\n \n August 4, 2023\n \n . The private placement consisted of the sale of 1,521,739 Critical Minerals Flow-Through Units (the \"\n \n FT Units\n \n \") at a price of\n \n $0.23\n \n per Unit, and 7,382,562 Charity Critical Minerals Flow-Through Units (the \"\n \n CFT Units\n \n \") at a price of\n \n $0.25\n \n per Unit, for total subscription proceeds of\n \n $2,195,640.67\n \n .\n \n \n \n \n \n \n \n \n \n Each FT Unit comprises one flow-through common share and one-half of a transferrable common share purchase warrant issued on a non-flowthrough basis (each whole such common share purchase warrant, a \"\n \n Warrant\n \n \"). Each CFT Unit consists of one charity flow-through common share and one-half of one Warrant. Each whole Warrant entitles the holder to purchase one additional common share at a price of\n \n $0.25\n \n until\n \n August 24, 2026\n \n .\n \n \n Agentis Capital Mining Partners, of\n \n Vancouver, B.C.\n \n is acting as financial advisor to Cascadia and will receive cash payments totaling\n \n $100,000\n \n for financial advisory services provided over the term of its engagement.\n \n \n All of the securities issued pursuant to this private placement, including any common shares that may be issued pursuant to the exercise of the warrants, are subject to a hold period in\n \n Canada\n \n until\n \n December 25, 2023\n \n .\n \n \n Cascadia management and directors subscribed for 1,037,891 FT Units. Following the close, management and directors control approximately 4% of the issued and outstanding shares of Cascadia.\n \n \n Hecla Mining Company (\"\n \n \n Hecla\n \n \n \") purchased 1,...