Business
Cascadia Minerals Ltd. Announces Upsizing of Private Placement to C$2M and Closing of First Tranche
Cascadia Minerals Ltd. Announces Upsizing of Private Placement to C$2M and Closing of First Tranc...
About this update from Cascadia Minerals Ltd
[{"type":"text","content":"\n \n \n \n Cascadia Minerals Ltd. Announces Upsizing of Private Placement to C$2M and Closing of First Tranche\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 April 15, 2024\n \n \n /CNW/ - Cascadia Minerals Ltd. (\"\n \n Cascadia\n \n \") (TSXV: CAM) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (see news release dated\n \n March 19, 2024\n \n ) consisting of an aggregate of 2,020,000 flow-through units (\"\n \n FT Units\n \n \") at a price of\n \n $0.20\n \n per FT Unit and 2,720,000 non-flow-through units (\"\n \n NFT Units\n \n \") at a price of\n \n $0.18\n \n per NFT Unit for total proceeds of\n \n C$893,600\n \n .\n \n \n \n \n \n \n \n \n \n Due to significant demand, and subject to TSX Venture Exchange acceptance, Cascadia proposes to increase the size of the private placement from the original\n \n C$1,000,000\n \n amount to a maximum of\n \n C$2,000,000\n \n (the \"\n \n Offering\n \n \"). The Offering will consist of the sale of:\n \n \n i.            NFT Units to be sold at a price of\n \n $0.18\n \n per NFT Unit; and\n \n \n ii.            FT Units at a price of\n \n $0.20\n \n per FT Unit.\n \n \n \n \"We have been very pleased with the level of interest in Cascadia and the financing to-date,\"\n \n commented\n \n Graham Downs\n \n , Cascadia's President and CEO.\n \n \"Closing the first tranche allows us to commence drilling at Catch on\n \n May 15\n \n \n th\n \n , following up on our brand-new copper-gold porphyry discovery. The additional funds from the upsized amount will allow us to expand our exploration activities this season, as the junior mining sector sees renewed market interest. With an early start to drilling, we will be well-positioned ...