Mr. Michael Gentile, an investor, reports
MICHAEL GENTILE ANNOUNCES FILING OF EARLY WARNING REPORT RELATED TO ACQUISITION OF UNITS OF CASCADIA MINERALS LTD.
Michael Gentile has filed an early warning report announcing the acquisition of an aggregate of 6,666,666 charity flow-through (CFT) units in the capital of Cascadia Minerals Ltd. in connection with the company's non-brokered private placement. Each unit comprised one common share in the capital of the company, issued on a flow-through basis, and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share until Dec. 22, 2028, at an exercise price of 20 cents per common share.
Prior to the completion of the acquisition, Mr. Gentile beneficially owned and controlled, directly or indirectly, 8,075,500 common shares, 6,052,394 warrants and 200,000 stock options, representing approximately 5.16 per cent of the company's issued and outstanding common shares on an undiluted basis, and approximately 8.81 per cetn of the company's issued and outstanding common shares on a partially diluted basis. Following the completion of the acquisition, Mr. Gentile beneficially owns and controls, directly or indirectly, an aggregate of 14,742,166 common shares, 9,385,727 warrants and 200,000 stock options, representing approximately 8.36 per cent of the company's issued and outstanding common shares on an undiluted basis, and approximately 13.10 per cent of the company's issued and outstanding on a partially diluted basis.
The common shares were acquired for investment purposes. Mr. Gentile has a long-term view of the investment and may acquire additional securities of the company either on the open market or through private acquisitions, or sell the common shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
For further details relating to the acquisition, please see the report, a copy of which is available on SEDAR+ or by contacting Mr. Gentile at 514-591-4227.
© 2025 Canjex Publishing Ltd. All rights reserved.