VANCOUVER, Nov. 15 /CNW/ - Pacific Cascade Minerals Inc. is pleased to
announce that it has completed the private placement financing of units
announced in October of this year through Becher McMahon Capital Markets Inc.
The agreement provided for a total of $1,500,000 to be raised as follows:
$500,000 by the issuance of 2,000,000 non Flow Through Units at $0.25
consisting of one common share and one full share purchase warrant. Each full
warrant entitles the holder to purchase one additional common share at $0.35
for a period of one year, and;
$1,000,000 by the issuance of 3,333,333 Flow Through Units at $0.30
consisting of one Flow Through share and one-half of one share purchase
warrant. Each full warrant entitles the holder to purchase one additional
share at $0.40 for a period of one year.
Both sets of warrants are exercisable for 18 months from the date of
A finder's fee was paid on a portion of the offering.
ON BEHALF OF THE BOARD OF DIRECTORS,
President & CEO
Pacific Cascade Minerals Inc.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this release.
We seek Safe Harbor.
For further information:
For further information: Hardy Forzley, President and CEO, or Craig
Robson, Director, at: Telephone: (604) 685-5851, Facsimile: (604) 685-7349