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Cascadia Minerals Ltd. Announces Closing of C$3.2M Financing Led by Michael Gentile
Cascadia Minerals Ltd. Announces Closing of C$3.2M Financing Led by Michael Gentile Can...
About this update from Cascadia Minerals Ltd
[{"type":"text","content":"\n\n \n \n \n Cascadia Minerals Ltd. Announces Closing of C$3.2M Financing Led by Michael Gentile\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 NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 21, 2024\n \n \n /CNW/ - Cascadia Minerals Ltd. (\"\n \n Cascadia\n \n \") (TSXV: CAM) is pleased to announce that it has closed its previously announced non-brokered private placement for total proceeds of\n \n C$3,236,750\n \n (see news release dated\n \n June 3, 2024\n \n ).\n \n Michael Gentile\n \n , a well-known strategic investor in the junior mining sector and early backer of Cascadia, led the financing and increased his position to 9.99% on a partially diluted basis.\n \n \n \n \n \n \n \n \n \n The placement consisted of an aggregate of 4,550,000 charity flow-through units for general critical minerals exploration (the \"\n \n CFT Units\n \n \") at a price of\n \n $0.42\n \n per CFT Unit, 2,150,000 charity flow-through units for critical minerals exploration in\n \n British Columbia\n \n (the\n \n \"BC CFT Units\"\n \n ) at a price of\n \n $0.475\n \n per BC CFT Unit, and 725,000 traditional flow-through common shares (the \"\n \n FT Shares\n \n \") at a price of\n \n $0.42\n \n .\n \n \n \n \"We're very pleased to have this financing completed and funds in hand to commence our expanded second phase of exploration this season,\"\n \n commented\n \n Graham Downs\n \n , Cascadia's President and CEO. \"\n \n The first phase of drilling recently wrapped up at the Catch Property in\n \n Yukon\n \n , with\n \n 1,600 m\n \n of step-out drilling completed ahead of schedule and under budget. Diamond drilling is planned to commence at our PIL Property in BC's Toodoggone region in the second week of July, testing a compelling road-accessible copper-gold target. Phase two drilling at Catch is planned to commence in late July, with additional IP geophysical surveys to be conducted in August.\"\n \n...