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

(Very High)

(Neutral)

Rhea-AI Summary

Michael Gentile has filed an early warning report announcing the acquisition of 260,500 common shares of Cascadia Minerals (CAMNF). Prior to this acquisition, Gentile owned 3,160,000 common shares and 2,324,300 warrants, representing about 6.01% of the company's shares on an undiluted basis and 9.99% on a partially diluted basis. After the acquisition, Gentile now owns 3,420,500 common shares and 2,324,300 warrants, increasing his stake to approximately 6.51% undiluted and 10.47% partially diluted. The shares were acquired for investment purposes, with Gentile maintaining a long-term view of the investment.

Positive

Increased ownership stake in Cascadia Minerals from 6.01% to 6.51% (undiluted)
Long-term investment perspective indicates confidence in the company

Negative

None.

News Market Reaction – CAMNF

+5.14%

+5.14% Session move

In the trading session that priced this news, CAMNF gained 5.14%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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07/24/2024 - 07:30 AM

Toronto, Ontario--(Newsfile Corp. - July 24, 2024) - Michael Gentile announces that he has filed an early warning report (the "Report") announcing the acquisition (the "Acquisition") of an aggregate of 260,500 common shares (each, a "Common Share") in the capital of Cascadia Minerals Ltd. (the "Company"). Prior to the completion of the Acquisition, Mr. Gentile beneficially owned and controlled, directly or indirectly, 3,160,000 Common Shares and 2,324,300 Common Share purchase warrants (each, a "Warrant"), representing approximately 6.01% of the Company's issued and outstanding Common Shares on an undiluted basis and approximately 9.99% 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 3,420,500 Common Shares and 2,324,300 Warrants, representing approximately 6.51% of the Company's issued and outstanding Common Shares on an undiluted basis and approximately 10.47% 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/217552

FAQ

How many shares of Cascadia Minerals (CAMNF) did Michael Gentile acquire in July 2024?

Michael Gentile acquired 260,500 common shares of Cascadia Minerals (CAMNF) in July 2024.

What is Michael Gentile's total ownership in Cascadia Minerals (CAMNF) after the recent acquisition?

After the acquisition, Michael Gentile owns 3,420,500 common shares and 2,324,300 warrants of Cascadia Minerals (CAMNF), representing approximately 6.51% undiluted and 10.47% on a partially diluted basis.

Why did Michael Gentile acquire additional shares of Cascadia Minerals (CAMNF)?

The shares were acquired for investment purposes. Michael Gentile has a long-term view of the investment in Cascadia Minerals (CAMNF).

Will Michael Gentile potentially acquire more shares of Cascadia Minerals (CAMNF) in the future?

Michael Gentile may acquire additional securities of Cascadia Minerals (CAMNF) or sell shares in the future, depending on market conditions, reformulation of plans, and other relevant factors.