VANCOUVER, BC, March 11,
2024 /CNW/ - Cascadia Minerals Ltd.
("Cascadia") (TSXV: CAM) (OTCQB: CAMNF) is pleased to
announce that it has qualified for trading on the OTCQB® Venture
Market (the "OTCQB") in the United
States operated by the OTC Markets Group Inc. and the
Company's common shares commenced trading today on the OTCQB under
the symbol "CAMNF". Cascadia's common shares will continue to trade
on the TSX Venture Exchange under the symbol "CAM".
"We are pleased to commence trading on the OTCQB. There is
significant interest in copper-gold exploration companies from U.S.
investors, and trading on the OTCQB will improve our visibility and
accessibility in the U.S.," stated President and CEO,
Graham Downs. "We look forward to
engaging a broader audience of investors as we continue to build on
our brand-new porphyry discovery made in late 2023."
The OTCQB offers investors transparent trading in
entrepreneurial and development stage U.S. and international
companies. To be eligible, companies must be current in their
reporting and undergo an annual verification and management
certification process. The OTCQB quality standards provide a strong
baseline of transparency, as well as the technology and regulation
to improve the information and trading experience for investors.
Investors can find real-time level 2 quotes and market information
at https://www.otcmarkets.com/stock/CAMNF/overview.
Cascadia continues to have full eligibility through the
Depository Trust Company ("DTC"), a subsidiary of Depository Trust
& Clearing Corp. that manages the electronic clearing and
settlement of publicly traded companies in the U.S. DTC eligibility
reduces costs and accelerates the settlement process for U.S.
investors and brokers.
About Cascadia
Cascadia is a Canadian junior mining company focused on
exploring for copper and gold in the Yukon and British
Columbia. Cascadia's flagship Catch Property in the
Yukon hosts a brand-new
copper-gold porphyry discovery where inaugural drill results
returned broad intervals of mineralization, including 116.60 m of 0.31% copper with 0.30 g/t gold.
Catch exhibits extensive high-grade copper and gold mineralization
across a 5 km long trend, with rock samples returning peak values
of 3.88% copper and 30.00 g/t gold.
In addition to Catch, Cascadia is conducting exploration work at
its PIL Property in British
Columbia and the Sands of Time and Rosy properties in the
Yukon, as well as additional
early-stage regional projects. Cascadia has approximately 37
million shares outstanding and its largest shareholders are Hecla
Mining Company (19.6%) and Barrick
Gold (7.5%).
The technical information in this news release has been approved
by Andrew Carne, M.Eng., P.Eng., VP
Corporate Development 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.