TSX.V:PCV
Pacific Cascade Closes $350,000 Private Placement
Vancouver, B.C. - Pacific Cascade Minerals Inc. has closed its non-brokered private placement financing of 100,000 non flow-through units at $0.25 per unit and 833,333 flow-through units at $0.30 per flow-through unit, for aggregate gross proceeds of $350,000.
Each unit consists of one common share and one share purchase warrant of the company. Each whole share purchase warrant entitles the holder, on exercise, to purchase an additional common share of the company at a price of $0.35 per share at any time until December 14, 2008. Each flow-through unit consists of one common share and one-half of one share purchase warrant of the company, with each whole share purchase warrant entitling the holder, on exercise, to purchase an additional common share of the company at a price of $0.40 per share at any time until December 14, 2008. The securities issued are subject to a four-month hold period expiring April 14, 2008.
The company paid $8,000 and issued 40,000 share purchase warrants, exercisable for one year at $0.35, as finders' fees on a portion of the private placement.
On behalf of the Board of Directors
"Harold Forzley"
Harold Forzley
President & CEO
Pacific Cascade Minerals Inc.
For more information contact Hardy Forzley, President and CEO or Craig Robson, Director
at:
Telephone: (604) 637-1341
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