Cascadero Copper Corporation 3,000,000 Unit Non-Brokered Flow- Through Private Placement is Oversubscribed
January 17th 2012
Cascadero Copper Corp has closed a total of $483,000 for a total of 3,018,750 Flow-Through Units at C$0.16 per Unit. The Unit offering was announced in a news release dated August 15th 2011 and amended in a news release dated August 31st 2011.
Completion of the Unit offering is subject to regulatory approval, including acceptance of the financing by the TSX Venture Exchange. Subsequent to closing the Unit offering, Cascadero has 108.9 million shares issued.
Cascadero intends to use the proceeds for continued exploration on its Sudbury, Ontario gold properties. The Ontario properties are hosted in gold bearing pyritic sediments.
Bill McWilliam President Cascadero Copper Corp 604-999-0391 [email protected]
ABOUT CASCADERO COPPER CORPORATION
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, Republic of Argentina. The Company's business model is Property Generator as its geologists and prospectors are expert in identifying areas of alteration that may host large-scale mineral systems. The Company has acquired and is developing a large portfolio of bulk mineable prospects in all jurisdictions. Exploration is currently active in BC, Ontario and Argentina.
For more information, please contact Allan or Janice Feldman at AJF Consultants: 1207 Beach Grove Road, Tsawwassen, BC Office = 604-948-9663 Cell = 604-377-2942
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.