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Vancouver, British Columbia – TheNewswire – November 29, 2024 – Cascade Copper Corp. (CSE: “CASC”) (“Cascade” or the “Company”) is pleased to announce that its board of directors has approved the amendment to the Option Agreement to acquire 100% of the 869 hectare portion of the entire 2,503 hectare Centrefire Copper Property, located in the Dryden – Sioux Lookout area of Northwestern Ontario.
The Company agreed to amend the Centrefire Property Option Agreement by replacing the $10,000 cash payable on the first anniversary of the option, with $5,000 cash payment and an issuance of the remaining $5,000 in the Company’s common shares valued at $0.05.
On exchange approval, the Company will issue 75,000 common shares which are issuable to the Centrefire optionor pursuant to the initial Option Agreements, and will issue an additional 100,000 shares pursuant to the amended Option Agreement.
The Corporation is an exploration stage natural resource company engaged in the evaluation, acquisition, and exploration of mineral resource properties with the intention, if warranted, of placing them into production. Cascade is focused on exploration, development, and acquisition of quality exploration properties. More specifically, Cascade’s objective is to conduct an exploration program on its flagship Rogers Creek Property located in the Coast Mountain Belt of British Columbia about 90 kilometres northeast of Vancouver, in the Southwest Mining Region. Cascade currently now has five projects, including the Centrefire Copper Project, the Copper Plateau Copper-Moly Project, Fire Mountain Copper-Gold Project, the Bendor Gold Project, and the flagship Rogers Creek Copper-Gold Project.
FOR FURTHER INFORMATION, PLEASE CONTACT:
CASCADE COPPER CORP.
Jeffrey S. Ackert, President and CEO
Vancouver, BC V6E 4A4
Telephone: 1 613 851 7699
E-Mail: [email protected]
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
DISCLAIMER & FORWARD-LOOKING STATEMENTS
This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks and uncertainties. Although these statements are based on currently available information, Cascade Copper Corp. provides no assurance that actual results will meet management’s expectations. Factors which cause results to differ materially are set out in the Company’s documents filed on SEDAR. Undue reliance should not be placed on “forward looking statements.”
Copyright (c) 2024 TheNewswire – All rights reserved.
