Cascadero Reaches Agreement with Lorne Harder Holdings Ltd. and Appoints New Directors
LEGAL_34101218.1
June 29, 2020 (CCD: TSX-V)
CASCADERO REACHES AGREEMENT WITH LORNE HARDER HOLDINGS LTD.
AND APPOINTS NEW DIRECTORS
Vancouver, BC, CANADA, June 29 , 2020 – CASCADERO COPPER CORPORATION
("CASCADERO") announced today that it has reached an agreement with Lorne Harder
Holdings Ltd., a significant shareholder of CASCADERO. As part of the agreement,
CASCADERO has accepted the resignation of Mr. Brian Causey as an officer and director, and
has appointed Mr. Lorne Harder and Mr. Christopher Ecclestone to the board. The new board
will be comprised of Dr. George Gale, Mr. Lorne Harder, and Mr. Christopher Ecclestone. The
following are the bio’s of Mr. Harder and Mr. Ecclestone:
Lorne Harder: Lorne has been in the insurance industry for over 30 years, much of it as a major
shareholder in a large regional brokerage. He holds a Diploma of Financial Management and a
Bachelor of Administration (Accounting) degree, and has been awarded a Fellow Chartered
Insurance Professional (FCIP) designation by the Insurance Institute of Canada. The Board
believes that Lorne’s business experience and education position him well to assist the
Company in leveraging its assets for the benefit of the shareholders.
Lorne Harder comments: “I am excited that Christopher Ecclestone has agreed to join George
Gale and myself on the board. We look forward to working together to create value for the
shareholders with the portfolio of assets held by Cascadero.”
Christopher Ecclestone: Christopher Ecclestone is a Principal and mining strategist at
Hallgarten & Company and is based in London. The firm is almost solely devoted to research on
the mining and metals space and commodity strategizi ng. It also provides ancillary services to
the investment banking community such as valuations, due diligence work on transactions and
fairness opinions. Coverage is of the TSX, ASX, LSE and some US-listed entities.
Mr. Christopher Ecclestone comments: “I am excited to be reengaging with Argentina, a place I
know well, having lived there from 1991 -2001. Cascadero's large portfolio of diverse metal
exposures in the country has potential to be worked over to increase value for the company and
its shareholders. Meanwhile the prospects for Cesium, an element I know very well from my
work with strategic metals, are excellent. The potential to become bigger players in Cesium is
fairly obvious, particularly in light of its connection to the 5G revolution.”
Mr. Christopher Ecclestone has agreed to accept the position of President and CEO, and Mr.
Lorne Harder will act as interim Chief Financial Officer and Corporate Secretary.
As a first step, the new board will concentrate its efforts on raising additional capital to finance
CASCADERO’s properties and for general working capital purposes. In the meantime, Mr.
Lorne Harder has agreed to advance the Company a non- interest bearing loan of $ 100,000 for
general working capital.
LEGAL_34101218.1
For more information, contact
Mr. Lorne Harder
Director
Phone: (604) 985-3327
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.