Cascade Copper Corp. (CNSX:CASC) signed a Letter of Intent to acquire 90% stake in Isintok Property from Tuktu Resources Ltd. (TSXV:TUK) for CAD 0.2 million on June 22, 2023. Cascade Copper Corp.

(CNSX:CASC) entered into a definitive agreement to acquire 90% stake in Isintok Property from Tuktu Resources Ltd. (TSXV:TUK) for CAD 0.27 million on September 28, 2023. The Purchase Price is to be satisfied through the issuance of 2,150,538 units of Cascade at a deemed price of CAD 0.093 per Unit. Each Unit shall be comprised of one (1) Share and one half (1/2) Share purchase warrant of Cascade.

Each full Warrant shall be exercisable for one (1) Share at an exercise price of CAD 0.15 for a period of three (3) years from the closing date of the Transaction. The Warrants do not vest and are not exercisable until 12 months following the date of the Purchase Agreement. The Transaction is subject to applicable regulatory approvals, including the approval of the Canadian Securities Exchange.

The Transaction is expected to close on or about October 5, 2023.