InCoR Holdings PLC: Early Warning Report Filed Pursuant to National Instrument 62-103
02 April 2021 - 9:28PM
Cascadero Copper Corporation (TSXV: CCD)
(“
Cascadero” or the “
Company”):
This press release is being disseminated as required by National
Instrument 62-103 The Early Warning System and Related Take Over
Bids and Insider Reporting Issues in connection with the
acquisition of securities of the Company by InCoR Holdings PLC
(“
InCoR” or the “
Acquiror”).
The Acquiror announces that, on April 1, 2021,
Cascadero closed its previously announced private placement (the
“Placement”) and issued the Acquiror 11,428,571
units (the “Units”), comprised of 11,428,571
common shares (“Common Shares”) and 11,428,571
common share purchase warrants (“Warrants”). The
Common Shares and Warrants were issued to InCoR at a price of
$0.035 per Unit for gross cash consideration of CDN$400,000. Each
Warrant entitles the holder thereof to purchase one (1) additional
Common Share at a price of $0.05 any time within 24 months of their
issuance.
Prior to the transaction, InCoR held 15,557,341
common shares representing approximately 8.37% of the issued and
outstanding common shares.
After giving effect to the acquisition of the
Units, InCoR owns an aggregate of 26,985,912 Common Shares in the
capital of the Issuer representing approximately 13.48% of the
outstanding common shares (assuming no exercise of Warrants), and
Warrants to acquire up to an additional 11,428,571 Common Shares.
Assuming InCoR exercised the Warrants, InCoR would own an aggregate
of 38,414,483 Common Shares of the Issuer representing
approximately 18.16% of the outstanding Common Shares (assuming no
exercise of any other warrants).
The Units were acquired on a private placement
basis by InCoR for investment purposes and InCoR may, depending on
market and other conditions, increase or change its beneficial
ownership over the common shares or other securities of the Company
through market transactions, private agreements, treasury
issuances, exercise of convertible securities or otherwise.
A copy of the Early Warning Report filed under
applicable securities laws is available under the Company’s profile
on SEDAR (www.sedar.com). A copy of such report may also be
obtained by contacting DS Lawyers Canada LLP, InCoR’s Canadian
legal counsel, at kwells@dsavocats.ca.
The name and address of the “Acquiror” filing
the report is:InCoR Holdings PLCAttn: Jocelyn BennettPalladium
House, 1-4 Argyll StreetLondon, United Kingdom
Contact:Kyler
Wellskwells@dsavocats.ca 1.647.477.7317
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