Cascadia Minerals Ltd. to Commence Trading on TSXV
Cascadia Minerals Ltd. to Commence Trading
on TSXV
VANCOUVER, BC
,
July 18, 2023
/CNW/ - Cascadia Minerals Ltd. ("
Cascadia
") (TSXV: CAM) is
pleased to announce that, pursuant to the final approval received from the TSX Venture Exchange
("
TSXV
"), Cascadia's common shares (the "
Cascadia Shares
") will commence trading on the TSXV
at the opening of market on
July 19, 2023
under the symbol "CAM".
Cascadia is a new copper and gold focused exploration company formed pursuant to the spin-out of
certain assets from ATAC Resources Ltd. ("
ATAC
") following its acquisition by Hecla Mining
Company ("
Hecla
") on
July 7, 2023
. In connection with the completion of the acquisition and spin-
out, Cascadia issued 22,150,089 Cascadia Shares to former ATAC shareholders and
Hecla
subscribed for an additional 5,502,956 Cascadia Shares for an aggregate subscription price of
$2,000,000
. As a result, a total of 27,653,045 Cascadia Shares will be issued and outstanding at
the commencement of trading. Former shareholders of ATAC, to the extent that they have not done
so, are reminded to complete and submit their Letter of Transmittal to ATAC's depository,
Computershare Investor Services Inc., in order to receive the applicable consideration in connection
with the
Hecla
transaction, including their Cascadia Shares.
Further information concerning Cascadia may be found on its website at
www.cascadiaminerals.com
and in Cascadia's TSXV listing application, available on SEDAR at
www.sedar.com
under
Cascadia's profile.
About Cascadia
Cascadia is a Canadian junior mining company focused on exploring for copper and gold in
Yukon
and
British Columbia
. Cascadia's flagship Catch Property is a brand-new grassroots discovery which
exhibits extensive high-grade copper and gold mineralization across a 5 km long trend, with rock
samples returning peak values of 3.06% copper and 14.60 g/t gold. Diamond drilling is planned to
commence at Catch in early August. In addition to Catch, Cascadia is conducting exploration work at
its PIL Property in
British Columbia
and the Rosy Property in
Yukon
, as well as evaluating additional
regional opportunities.
Please refer to ATAC's
January 23, 2023
news release for QA/QC information regarding the results
of 2022 exploration work at the Catch Property.
The technical information in this news release has been approved by
Adam Coulter
, M.Sc., P.Geo.,
VP Exploration for Cascadia and a qualified person for the purposes of National Instrument 43-101.
On behalf of Cascadia Minerals Ltd.
Graham Downs
, President and CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Cautionary note regarding forward-looking statements:
This press release may contain "forward-looking information" within the meaning of applicable
securities laws. Readers are cautioned to not place undue reliance on forward-looking information.
Actual results and developments may differ materially from those contemplated by these
statements. The statements in this press release are made as of the date of this press release.
The Company undertakes no obligation to update forward-looking information, except as required
by securities laws.
SOURCE
Cascadia Minerals Ltd.
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For further information:
Andrew Carne, M.Eng., P.Eng., VP Corporate Development, Cascadia
Minerals Ltd., T: 604-688-0111 ext. 106, [email protected]
CO: Cascadia Minerals Ltd.
CNW 08:00e 18-JUL-23