Cascadero Closes First Tranche of 20 Million Unit Non Brokered
CASCADERO CLOSES FIRST TRANCHE OF 20 MILLION UNIT NON BROKERED OFFERING ANNOUNCED AUG 13th 2012
AUGUST 31st 2012 (CCD: TSXV)
Cascadero Copper Corporation (the "Company") has closed a first tranche of 8,295,000 Units of its non-brokered Private Placement of up to 20 million Units for total proceeds of $829,500.
The private placement is subject to regulatory approval and, in accordance with Exchange policies, finder and agent fees may be payable on a portion of the funds raised.
Bill McWilliam Chief Executive Officer Cascadero Copper Corp Office = 604-924-5504 Cell = 604-999-0391 Email = [email protected]
ABOUT CASCADERO COPPER
Cascadero Copper is an integrated prospecting and mineral exploration business with offices in North Vancouver, BC, Canada, Sudbury, Ontario, Canada and Salta City in the province of Salta, Republic of Argentina. The Company generates, acquires and explores mineral properties and is active in the three jurisdictions.
In north central British Columbia, the Company has a 100% interest in a 31,000 hectare property in the Toodoggone region, which is prospective for copper gold porphyry systems. This property is subject to a C$20 million Joint Venture with Gold Fields, which company is currently drill testing the MEX Cu-Au porphyry.
In Ontario, the Company holds or has the right to acquire a 100% in 17 properties in the Sudbury, Swayze and Timmins camps, which are volcanic and sediment hosted copper gold prospects.
In north western Argentina, the Company holds a 50% interest in a 46 property portfolio, which consists mainly of bulk mineable copper- moly-gold porphyries and bulk mineable sediment hosted silver-gold plus base and rare metals.
Cascadero's commodity focus is gold, silver, moly, copper, base and rare metal hosted in large-scale bulk mineable mineral systems.
In 2009, the Company discovered Taron, a large bulk mineable sediment hosted epithermal rare metal deposit in Argentina. In 2011, Cascadero discovered Las Burras, a new Argentine Cu-Mo-Au porphyry.
The Company holds a large claim block that adjoins Lumina Copper's Taca Taca Bajo Cu-Mo-Au deposit. Several copper and gold showings exist on these claims. A first stage geochemical program is complete.
In 2012 to 2013, Cascadero intends to conduct exploration in three core areas: Pancho Arias Cu-Mo-Au porphyry District, the Taca Taca Mineral District and the bulk mineable sediment hosted silver prospects in the El Oculto District. Exploration is also planned for Taron, an exciting large-scale sediment hosted rare metal discovery.
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
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