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Cascadia Provides Update on the Purchase of the Byng and Mars Properties
Cascadia Provides Update on the Purchase of the Byng and Mars Properties Canada NewsWire ...
About this update from Cascadia Minerals Ltd
[{"type":"text","content":"\n\n\nCascadia Provides Update on the Purchase of the Byng and Mars Properties\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\nCanada NewsWire\n\n\nVANCOUVER, BC, March 19, 2026 /CNW/ - Cascadia Minerals Ltd. (\"Cascadia\") (TSXV: CAM) (OTCQB: CAMNF) provides the following update and clarifications regarding its agreement to purchase the Byng and Mars properties from Strategic Metals Ltd. (\"Strategic\") (the \"Transaction\").  The Transaction is described in Cascadia's news release of February 24, 2026.\n\n\n\n\n\n\n\nThe Property Purchase Agreement between Cascadia and Strategic (the \"Purchase Agreement\") is dated for reference February 20, 2026, and was signed by the parties on February 23, 2026.  The Transaction was announced by Cascadia on February 24, 2026.The Transaction involves the acquisition by Cascadia of the Byng Property and the Mars property.  The Byng Property comprises 90 claims, and the Mars Property comprises 93 claims. In addition to the royalty being granted to Strategic as part of the purchase described in Cascadia's February 24, 2026 news release, the Mars Property is subject to a pre-existing royalty on the DDH 1-16 claims, granting Allan Doherty a 1% NSR on all production from these claims.The Purchase Agreement provides that the consideration payable to Strategic for the properties being acquired by Cascadia pursuant to the Transaction is $250,000, payable as to $125,000 in cash and $125,000 in common shares of Cascadia.   The Purchase Agreement formerly provided that the issue price of these consideration shares would be determined using a 15 day VWAP prior to the closing of the Transaction.  The parties have amended the Purchase Agreement to price the share component of the purchase price at $0.25 per share, representing a 15-day VWAP immediately preceding today's date. As such, the total consideration for the purchase will be: $125,000 in cash; and500,000 Cascadia shares valued at $0.25/share.There are no finder's fees payable in respect of the Transaction.The Transact...