Cascadero Copper Corporation: Non-Brokered Private Placement Announced
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/13/11 -- Cascadero Copper (TSX VENTURE: CCD) (the "Company") announces a non-brokered Private Placement of 6,000,000 Units at $0.18 per Unit. One Unit consists of one Cascadero Copper common share and one share purchase warrant. One warrant plus $0.25 cents enables the bearer to purchase one common share of the Company for a period of up to 36-months. The warrant is transferrable and is subject to an Accelerated Exercise Clause. It is expected that Cascadero insiders will subscribe for up to 25% of the offering, which is the insiders approximate equity ownership of the Company. The Company will apply for a Supplemental Listing and, subject to TSX.V approval the warrants will be listed for trading on the TSX Venture exchange. Finder fees are payable.
Use of Proceeds is to continue the exploration of the 50% owned Pancho Arias Mineral District in north western Argentina. The funds will be used to drill test two outstanding Cu-Au-Mo porphyries and one high-grade gold system.
The Pancho Arias District has potential to host large tonnage of Cu-Mo-Au mineralization. Three drill rigs are planned as the Company intends to complete the 6,000 metre program by Dec 31-11.
ABOUT CASCADERO COPPER
Cascadero Copper is an integrated prospecting and mineral exploration business. The Company has offices in North Vancouver, BC, Sudbury, Ontario and Salta City in the province of Salta, Argentina. The Company generates, acquires and explores mineral properties. The Company has several copper-gold porphyry prospects in the Toodoggone region of British Columbia, a 100% interest in 22 volcanic and intrusive hosted gold properties in the Sudbury, Swayze and Timmins camps of Ontario and holds a 50% interest in a 46-property portfolio in north western Argentina. Exploration is currently active in Ontario and Argentina.
In July 2011, Gold Fields Ltd completed a 7-core hole program totaling 2,448-metres on Cascadero's 100% owned MEX copper-gold porphyry in British Columbia. Assays are pending.
Cascadero's commodity focus is gold, silver and base metals, which are hosted in large-scale mineral systems.
In 2011 and 2012, Cascadero and Salta plan to drill test three copper-gold porphyry systems, four sediment hosted gold and silver-rich polymetallic systems and two sediment hosted gold-silver showings.
Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Cascadero Copper Corp.
Bill McWilliam
Chief Executive Officer
Office = 604-924-5504 or Cell = 604-999-0391
AJF Consultants:
Allan or Janice Feldman
Office = 604-948-9663 or Cell = 604-377-2942
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 13.09.2011 - 14:41 Uhr
Sprache: Deutsch
News-ID 65478
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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"Cascadero Copper Corporation: Non-Brokered Private Placement Announced"
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