Mr. Lorne Harder, a shareholder, reports
LORNE HARDER ACQUIRES ADDITIONAL 10.7% IN CASCADERO COPPER CORPORATION
Lorne Harder has filed an early warning report dated Nov. 10, 2025, disclosing his recent acquisition of common shares in the capital of Cascadero Copper Corp. This acquisition transaction did not take place in the market. The acquisition was made by Mr. Harder through his wholly owned company, Harder Investments Ltd.
On Nov. 7, 2025, Harder Investments acquired an aggregate of 32,121,045 common shares from InCoR Holdings Ltd. pursuant to the Court Order Enforcement Act (British Columbia) as partial satisfaction of a judgment obtained by the acquiror, Springhill Investments Ltd. and Harder Investments against InCoR and certain of its related parties.
The seizure increased the acquiror's direct and indirect shareholdings in the issuer to 76,621,737 common shares, increasing the acquiror's ownership percentage in the issued and outstanding common shares by 10.70 per cent (calculated on a non-diluted basis) such that the acquiror's shareholding percentage of the issued and outstanding common shares is 25.53 per cent (calculated on a non-diluted basis). Mr. Harder's acquisition of these securities triggered the requirement to file an early warning report.
Before the seizure, the acquiror, including common shares held through Harder Investments, Springhill Investments and the acquiror's spouse, held 44,500,692 common shares, warrants to purchase 9,663,482 common shares at an exercise price of five cents per common share expiring on Jan. 17, 2025, and options to purchase 2.5 million common shares at an exercise price of five cents per common share expiring on Feb. 18, 2026, representing 14.83 per cent of the issued and outstanding common shares on a non-diluted basis and 18.14 per cent of the issued and outstanding common shares on a partially diluted basis.
After the seizure, the acquiror, including common shares held through Harder Investments, Springhill and the acquiror's spouse, holds 76,621,737 common shares, warrants to purchase 9,663,482 common shares at an exercise price of five cents per common share expiring on Jan. 17, 2025, and options to purchase 2.5 million common shares at an exercise price of five cents per common share expiring on Feb. 18, 2026, representing 25.53 per cent of the issued and outstanding common shares on a non-diluted basis and 28.43 per cent of the issued and outstanding common shares on a partially diluted basis.
The common shares were acquired under the Court Order Enforcement Act (British Columbia) as partial satisfaction of a judgment obtained by the Harder parties against the InCoR parties. Mr. Harder reserves the right to formulate other plans or make other proposals and take such actions with respect to his investment holding as he may determine in his sole discretion.
In connection with the seizure, the acquiror expects that the Harder parties may acquire up to, approximately, an additional 28,478,614 common shares in the aggregate from the InCoR Parties.
Additionally, the early warning report of the acquiror dated Jan. 24, 2022, disclosed that InCoR may be considered a joint actor of the acquiror. InCoR is no longer considered a joint actor of the acquiror.
This press release is issued pursuant to National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues), which also requires the early warning report to be filed and to contain additional information with respect to the foregoing matters. A copy of the early warning report will appear with the issuer's documents on the SEDAR+ website. A copy of the early warning report may also be obtained by contacting George Gale at 604-985-3327.
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