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Cascadia Minerals Ltd. Announces C$2M Critical Minerals Flow-Through Private Placement
Cascadia Minerals Ltd. Announces C$2M Critical Minerals Flow-Through Private Placement ...
About this update from Cascadia Minerals Ltd
[{"type":"text","content":"\n \n \n \n Cascadia Minerals Ltd. Announces C$2M Critical Minerals Flow-Through 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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\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. 1, 2023\n \n \n /CNW/ - Cascadia Minerals Ltd. (\"\n \n Cascadia\n \n \") (TSXV: CAM) is pleased to announce a non-brokered private placement (the \"\n \n Offering\n \n \") of up to\n \n $2,000,000\n \n . The Offering will consist of the sale of:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n i.\n \n \n \n \n ii.\n \n \n \n \n \n \n Up to 1,304,348 critical minerals flow-through units (the \"FT Units\") at a price of $0.23 per FT Unit for total proceeds of up to $300,000; and\n \n \n \n \n Up to 6,800,000 critical minerals charity flow-through units (the \"CFT Units\") at a price of $0.25 per CFT Unit for total proceeds of up to $1,700,000.\n \n \n \n \n \n \n \n \n \n Each FT Unit will comprise one flow-through common share and one-half of a non-transferrable common share purchase warrant (each whole such common share purchase warrant, a \"\n \n Warrant\n \n \"). Each CFT Unit will consist of one charity flow-through common share and one-half of one Warrant. All Warrants to be issued on a non-flow-through basis. Each Warrant shall be exercisable into one additional common share for thirty-six (36) months from closing at an exercise price of\n \n $0.25\n \n per Warrant.\n \n \n The proceeds from the Offering will be used for \"Canadian critical minerals exploration expenses\" at Cascadia's Catch Property in\n \n Yukon\n \n , and the PIL Property in\n \n British Columbia\n \n . These expenditures will qualify as \"critical mineral flow-through mining expenditures\" within the meaning of the Inc...