Cascada Announces $1.5 Million Private Placement

Toronto, Ontario–(Newsfile Corp. – May 7, 2024) – Cascada Silver Corp. (“Cascade“) is pleased to announce a non-brokered private placement for aggregate gross proceeds of $1,500,000 (the “Offer“). The net proceeds will be used for exploration activities at the Company’s copper projects, working capital and general corporate purposes. The Company has appointed Research Capital Corporation as exclusive investigator for the offering. .

The Offer will include:

ordinary shares of the Company (“Ordinary actions“) at a price of $0.013 per common share for gross proceeds of up to $750,000; and
subscription receipts from the Company (“Subscription receipts“) at a price of $0.013 per subscription receipt for gross proceeds of up to $750,000. Each subscription receipt will entitle its holder, without payment of any additional consideration and without further action on the part of the holder, upon satisfaction of certain escrow conditions of release to receive common stock. The conditions of escrow release will include, but are not limited to, the Company obtaining shareholder approval for the issuance of the common shares under escrow. underlying the Subscription Receipts and receipt of all required regulatory approvals. The Receipts will be held in escrow until the conditions for release from escrow, noted above, are satisfied or waived.

Closing of the offering is expected to occur on or about May 22, 2024 and is subject to the approval of the Canadian Securities Exchange. The common shares and subscription receipts issued in connection with the offering are subject to a statutory hold period of four months and one day from the closing of the offering.

The Company will pay finder’s fees in accordance with the policies of the Canadian Securities Exchange.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration in under the securities laws of this jurisdiction. . The securities being offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold in or to the United States. benefit of, U.S. Persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.

About Cascade Silver Corp.

Cascada is a mineral exploration company focused on exploration opportunities in Chile. Cascada’s team of exploration professionals is dedicated to discovering mineral deposits that can be transformed into economically viable development projects creating value for all stakeholders.

On behalf of Cascada Silver Corp.,

Carl Hansen, CEO
Phone: 416-907-9969

For more information, please contact us at:

[email protected]

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

Cautions Regarding Forward-Looking Statements:

This press release contains certain “forward-looking statements” within the meaning of Canadian securities legislation, including, but not limited to, statements regarding the Company’s plans regarding the Company’s plans and the timing thereof. relates therein, the merits of the Company’s projects, the objectives, plans and strategies of the Company, the Offer and the intended use of the proceeds thereof, as well as other project opportunities. Although the Company believes that these statements are reasonable, it can give no assurance that these expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “goals”, “potential”, “objective”. ,”, “objective”, “strategy”, “forward-looking” and similar expressions, or that events or conditions “will”, “would”, “may”, “may”, “could” or “should” occur , or are those statements which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the management of the Company as of the date the statements are made. and involve a number of risks and uncertainties. Therefore, there can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. applicable securities laws and the policies of the Canadian Securities Exchange, the Company undertakes no obligation to update these forward-looking statements if the beliefs, estimates or opinions of management, or other factors, should to change. Factors that could cause future results to differ materially from those anticipated in such forward-looking statements include the risk of accidents and other risks associated with mineral exploration operations, the risk that the Company may encounter geological factors unforeseen events or the possibility that the Company may not be able to obtain permits and other agency or governmental authorizations necessary to carry out the Company’s exploration plans, risks and uncertainties related to the COVID pandemic -19, risks and uncertainties relating to the Company’s ability to complete the Offer and the size of the Offer Offer, and the risk of political uncertainties and regulatory or legal changes in the jurisdictions where the Company operates which could interfere with the activities and prospects of the Company. The reader is referred to the Company’s reports, publicly available via the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for further discussion. comprehensive overview of these risk factors and their potential effects.

Neither Canadian Securities nor its Regulation Services Provider (as that term is defined in the policies of Canadian Securities) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES

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