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

Rhea-AI Summary

Michael Gentile has filed an early warning report regarding his acquisition of 1,071,429 units of Cascadia Minerals Ltd. (CAMNF) through the conversion of subscription receipts. Following the transaction, Gentile's ownership position has changed from 8.94% to 5.40% of outstanding shares on an undiluted basis, and from 14.54% to 9.31% on a partially diluted basis.

The acquisition includes ownership of 7,577,643 Common Shares and 6,051,894 Warrants. As a result of this change in ownership percentage, Gentile has ceased to be an insider of Cascadia Minerals as of August 13, 2025. He maintains a long-term investment perspective and may adjust his position through future market transactions.

Positive

• Investor maintains long-term view and potential for additional investments
• Strategic investor participation in Cascadia Minerals' growth through unit acquisition

Negative

• Reduction in ownership percentage from 8.94% to 5.40% on undiluted basis
• Loss of insider status could signal reduced strategic influence

News Market Reaction

+11.89%

1 alert

+11.89% News Effect

On the day this news was published, CAMNF gained 11.89%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Toronto, Ontario--(Newsfile Corp. - August 13, 2025) - Michael Gentile announces that he has filed an early warning report (the "Report") announcing the acquisition (the "Acquisition") of an aggregate of 1,071,429 units (the "Units") in the capital of Cascadia Minerals Ltd. (the "Company"), upon conversion of an aggregate of 1,071,429 subscription receipts (the "Subscription Receipts"). Each Subscription Receipt automatically converted into one Unit upon satisfaction of certain escrow release conditions, including of all conditions to the completion of the Company's proposed acquisition of Granite Creek Copper Ltd.

Prior to the completion of the Acquisition, Mr. Gentile beneficially owned and controlled, directly or indirectly, 6,506,214 Common Shares and 4,760,014 Warrants, representing approximately 8.94% of the Company's issued and outstanding Common Shares on an undiluted basis and approximately 14.54% 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 7,577,643 Common Shares and 6,051,894 Warrants, representing approximately 5.40% of the Company's issued and outstanding Common Shares on an undiluted basis and approximately 9.31% of the Company's issued and outstanding on a partially diluted basis. As a result, Mr. Gentile ceased to be an insider of the Company on August 13, 2025.

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/262422

FAQ

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

After the acquisition, Michael Gentile owns 7,577,643 Common Shares and 6,051,894 Warrants, representing 5.40% undiluted and 9.31% on a partially diluted basis of Cascadia Minerals.

Why did Michael Gentile cease to be an insider of Cascadia Minerals (CAMNF)?

Gentile's ownership percentage decreased from 8.94% to 5.40% on an undiluted basis following the acquisition, falling below the insider threshold as of August 13, 2025.

How many units did Michael Gentile acquire in Cascadia Minerals (CAMNF)?

Gentile acquired 1,071,429 units through the conversion of subscription receipts in Cascadia Minerals.

What are Michael Gentile's future investment plans for Cascadia Minerals (CAMNF)?

Gentile maintains a long-term investment view and may acquire additional securities or sell shares either on the open market or through private transactions, depending on market conditions and other factors.