Pacific Cascade Announces Private Placement
PACIFIC CASCADE MINERALS INC.
Suite 1500 - 701 West Georgia Street Vancouver, British Columbia V7Y 1C6
October 11, 2012 Shares Issued and Outstanding: 76,054,719 TSXV: PCV
PACIFIC CASCADE ANNOUNCES PRIVATE PLACEMENT
October 11, 2012 TSX-V: PCV
Vancouver, British Columbia - Pacific Cascade Minerals Inc. (the “Company”) is pleased to announce that it has arranged a non-brokered private placement of up to 6,300,000 Units of securities. The Units are being placed at a price of $0.05 per unit, for gross proceeds of $315,000.
Each Unit under the private placement consists of one common share and one common share purchase warrant. Each whole common share purchase warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.10 within 24 months of closing. The placement is subject to regulatory approval.
The proceeds of the private placement will be used to fund a portion of the acquisition cost and work program for the Company’s El Centenario property in the State of Durango, Mexico and for working capital.
Finders’ fees of seven (7%) cash may be payable on a portion of the private placement.
ON BEHALF OF THE BOARD OF DIRECTORS,
“Harold Forzley”
FOR FURTHER INFORMATION PLEASE CONTACT:
Harold Forzley, President / CEO Pacific Cascade Minerals Inc.
For more information contact Harold Forzley, President /CEO, at:
Telephone: (604) 637-1341 Email: [email protected]
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. We seek safe harbour