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Cascadia Minerals Ltd. Announces Fully-Subscribed C$3.2M Non-Brokered Private Placement Led by Strategic Investor Michael Gentile
Cascadia Minerals Ltd. Announces Fully-Subscribed C$3.2M Non-Brokered Private Placement Led by St...
About this update from Cascadia Minerals Ltd
[{"type":"text","content":"\n \n \n \n Cascadia Minerals Ltd. Announces Fully-Subscribed C$3.2M Non-Brokered Private Placement Led by Strategic Investor 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 /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 3, 2024\n \n \n /CNW/ - Cascadia Minerals Ltd. (\"\n \n Cascadia\n \n \") (TSXV: CAM) is pleased to announce a fully-subscribed non-brokered private placement (the \"\n \n Offering\n \n \") of up to approximately\n \n $3,200,000\n \n .\n \n Michael Gentile\n \n , one of Cascadia's largest shareholders, is leading the financing and plans to increase his position to 9.99% on a partially diluted basis.\n \n \n \n \n \n \n \n \n \n The Offering will consist of the sale of:\n \n \n \n \n \n Up to 4,550,000 critical minerals charity flow-through units for general exploration (the \"\n \n CFT Units\n \n \") at a price of\n \n $0.42\n \n per CFT Unit for total proceeds of up to approximately\n \n $1,900,000\n \n ;\n \n \n \n \n Up to 2,150,000 critical minerals charity flow-through units for\n \n British Columbia\n \n exploration (the\n \n \"BC CFT Units\"\n \n ) at a price of\n \n $0.475\n \n per BC CFT Unit for total proceeds of up to approximately\n \n $1,000,000\n \n ; and,\n \n \n \n \n Up to 725,000 traditional flow-through common shares at a price of\n \n $0.42\n \n for total proceeds of up to approximately\n \n $300,000\n \n .\n \n \n \n \n \n \n \"I would like to thank Michael and our new and returning investors for their support at this exciting time for Cascadia. This financing will allow us to significantly expand the ongoing drill program at our Catch property, where our first 2024 diamond drill hole intersected mineralization over\n \n 140 m\n \n on a meaningful step-out from last year's porphyry discovery hole. Additionally, this raise will also allow us to drill test a compelling copper-gold porphyry target at our road accessible PIL property in t...