Pacific Cascade Announces $250,000 Non-brokered Private Placement
09 Juin 2014 - 7:46PM
Access Wire
Vancouver, BC / ACCESSWIRE / June 9, 2014 /
Pacific Cascade Minerals Inc. (the "Company")
announces that it has arranged a non-brokered private
placement of 5,000,000 Units of securities. The Units are being
placed at a price of $0.05 per unit, for gross proceeds of
$250,000.
Each Unit under the private
placement consists of one common share and one common share
purchase warrant. Each common share purchase warrant entitles the
holder to acquire one additional common share of the Company at an
exercise price of $0.10 within 24 months of closing. The placement
is subject to regulatory approval.
The proceeds of the private
placement will be used for working capital. Finders' fees are
payable on a portion of the offering.
On behalf of the
Board of Directors
"Harold
Forzley"
President / CEO
Pacific Cascade Minerals Inc.
For more information contact Daniel
Whittle, Investor Relations at:
Telephone: (604) 345-1309 or
e-mail IR@pacificcascade.ca
Neither 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 release.
Forward Looking Statements
Certain of the statements made and
information contained herein may contain forward- looking
information within the meaning of applicable Canadian securities
laws. Forward-looking information includes, but is not limited to,
information concerning the Company's intentions with respect to the
development of its mineral properties. Forward-looking information
is based on the views, opinions, intentions and estimates of
management at the date the information is made, and is based on a
number of assumptions and subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those anticipated or projected in
the forward-looking information (including the actions of other
parties who have agreed to do certain things and the approval of
certain regulatory bodies). Many of these assumptions are based on
factors and events that are not within the control of the Company
and there is no assurance they will prove to be correct. There can
be no assurance that forward-looking information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such information. The Company
undertakes no obligation to update forward-looking information if
circumstances or management's estimates or opinions should change
except as required by applicable securities laws, or to comment on
analyses, expectations or statements made by third parties in
respect of the Company, its financial or operating results or its
securities. The reader is cautioned not to place undue reliance on
forward-looking information.
SOURCE: Pacific Cascade Minerals Inc.
Pacific Cascade Minerals Inc. (TSXV:PCV)
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