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

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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.

Michael Gentile ha presentato un report di allerta anticipata per annunciare l'acquisto di 260.500 azioni ordinarie di Cascadia Minerals (CAMNF). Prima di questo acquisto, Gentile possedeva 3.160.000 azioni ordinarie e 2.324.300 warrant, che rappresentavano circa il 6,01% delle azioni della società su base non diluita e il 9,99% su base parzialmente diluita. Dopo l'acquisizione, Gentile possiede ora 3.420.500 azioni ordinarie e 2.324.300 warrant, aumentando la sua partecipazione a circa il 6,51% non diluita e il 10,47% parzialmente diluita. Le azioni sono state acquistate per scopi di investimento, con Gentile che mantiene una visione a lungo termine dell'investimento.

Michael Gentile ha presentado un informe de aviso anticipado anunciando la adquisición de 260,500 acciones ordinarias de Cascadia Minerals (CAMNF). Antes de esta adquisición, Gentile poseía 3,160,000 acciones ordinarias y 2,324,300 warrants, lo que representaba aproximadamente el 6.01% de las acciones de la empresa en una base no diluida y el 9.99% en una base parcialmente diluida. Después de la adquisición, Gentile ahora posee 3,420,500 acciones ordinarias y 2,324,300 warrants, aumentando su participación a aproximadamente el 6.51% no diluida y el 10.47% parcialmente diluida. Las acciones fueron adquiridas con fines de inversión, con Gentile manteniendo una perspectiva a largo plazo de la inversión.

마이클 젠틸은 카스카디아 미네랄스 (CAMNF)의 일반 주식 260,500주 인수를 발표하는 조기 경고 보고서를 제출했습니다. 이 인수 전, 젠틸은 3,160,000주와 2,324,300개의 워런트를 보유하고 있었으며, 이는 회사의 주식의 약 6.01%를 비희석 기준으로, 9.99%를 부분 희석 기준으로 나타냅니다. 인수 후, 젠틸은 이제 3,420,500주와 2,324,300개의 워런트를 보유하고 있으며, 그의 지분은 약 6.51% 비희석 및 10.47% 부분 희석으로 증가했습니다. 이 주식은 투자 목적으로 인수되었으며, 젠틸은 장기적인 투자 관점을 유지하고 있습니다.

Michael Gentile a déposé un rapport d'alerte précoce annonçant l'acquisition de 260 500 actions ordinaires de Cascadia Minerals (CAMNF). Avant cette acquisition, Gentile détenait 3 160 000 actions ordinaires et 2 324 300 warrants, représentant environ 6,01 % des actions de la société sur une base non diluée et 9,99 % sur une base partiellement diluée. Après l'acquisition, Gentile possède maintenant 3 420 500 actions ordinaires et 2 324 300 warrants, ce qui augmente sa participation à environ 6,51 % non diluée et 10,47 % partiellement diluée. Les actions ont été acquises à des fins d'investissement, Gentile maintenant une vision à long terme de cet investissement.

Michael Gentile hat einen frühzeitigen Warnbericht eingereicht, in dem der Erwerb von 260.500 Stammaktien von Cascadia Minerals (CAMNF) angekündigt wird. Vor diesem Erwerb hielt Gentile 3.160.000 Stammaktien und 2.324.300 Warrants, was etwa 6,01 % der Aktien des Unternehmens auf unverwässerter Basis und 9,99 % auf teilweise verwässerter Basis entspricht. Nach dem Erwerb besitzt Gentile nun 3.420.500 Stammaktien und 2.324.300 Warrants, wodurch sich sein Anteil auf etwa 6,51 % unverwässert und 10,47 % teilweise verwässert erhöht. Die Aktien wurden zu Investitionszwecken erworben, wobei Gentile eine langfristige Perspektive für die Investition beibehält.

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.

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.

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