Michael Gentile Announces Filing of Early Warning Report Related to Acquisition of Units of Cascadia Minerals Ltd.

Rhea-AI Summary

Michael Gentile has announced filing an early warning report regarding his increased investment in Cascadia Minerals Ltd. (CAMNF). Through the acquisition of 1,785,714 units, each comprising one common share and one warrant, Gentile has significantly expanded his position in the company.

Following the acquisition, Gentile now controls 6,506,214 common shares and 4,760,014 warrants, representing approximately 8.95% of outstanding shares on an undiluted basis and 14.55% on a partially diluted basis. Each warrant allows purchase of one common share at $0.24 within two years of issuance.

Positive

• None.

Negative

• Potential future share dilution if all warrants are exercised
• Large individual shareholder concentration may impact stock liquidity

News Market Reaction – CAMNF

+13.64%

+13.64% Session move

In the trading session that priced this news, CAMNF gained 13.64%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Toronto, Ontario--(Newsfile Corp. - July 4, 2025) - Michael Gentile announces that he has filed an early warning report (the "Report") announcing the acquisition (the "Acquisition") of an aggregate of 1,785,714 units (the "Units") in the capital of Cascadia Minerals Ltd. (the "Company"). Each Unit was comprised of one common share (each, a "Common Share") in the capital of the Company and one Common Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.24 per Common Share until the date that is two (2) years from the date of issuance.

Prior to the completion of the Acquisition, Mr. Gentile beneficially owned and controlled, directly or indirectly, 4,720,500 Common Shares and 2,974,300 Warrants, representing approximately 6.66% of the Company's issued and outstanding Common Shares on an undiluted basis and approximately 10.42% 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 6,506,214 Common Shares and 4,760,014 Warrants, representing approximately 8.95% of the Company's issued and outstanding Common Shares on an undiluted basis and approximately 14.55% 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 Michael Gentile at (514) 591-4227.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257782

FAQ

What is Michael Gentile's current ownership position in Cascadia Minerals (CAMNF)?

Michael Gentile now owns 6,506,214 common shares and 4,760,014 warrants, representing 8.95% ownership on an undiluted basis and 14.55% on a partially diluted basis.

How many units did Michael Gentile acquire in CAMNF's latest transaction?

Gentile acquired 1,785,714 units, with each unit consisting of one common share and one warrant exercisable at $0.24 per share.

What are the terms of the CAMNF warrants acquired by Michael Gentile?

Each warrant entitles the holder to acquire one common share at $0.24 per share for a period of two years from the date of issuance.

What was Michael Gentile's ownership percentage in CAMNF before this acquisition?

Prior to the acquisition, Gentile owned 4,720,500 common shares and 2,974,300 warrants, representing 6.66% undiluted and 10.42% partially diluted ownership.

What are Michael Gentile's stated intentions for his CAMNF investment?

Gentile has indicated a long-term view of the investment and may acquire additional securities or sell shares in the future depending on market conditions and other factors.