On April 30, 2024, Cascade Copper Corp., closed the transaction. The company issued 4,555,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 227,750. Each unit is comprised of one common share and one common share purchase warrant.

Each full warrant is exercisable into common shares at a price of CAD 0.08 for a period of 18 months from the closing of the offering. As a part of the transaction, the company paid aggregate cash commissions to arm's length finders who assisted with the offering of approximately CAD 13,060 and issued 261,200 finder warrants, at an exercise price of CAD 0.05 expiring 18 months from the closing date. The offering is subject to all necessary regulatory approvals including acceptance from the Canadian Securities Exchange.

All securities issued in connection with the Offering will be subject to a four-month hold period from the Closing Date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.