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Cascade Copper Corp. — Capital/Financing Update 2023
Apr 24, 2023
48429_rns_2023-04-24_b4069d6b-d11b-4f12-9e1a-312a0315be4c.pdf
Capital/Financing Update
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(the “ Corporation ” or the “ Issuer ”)
Suite 820 – 1130 West Pender Street Vancouver, British Columbia V6E 4A4 Telephone: (613) 851-7699 Email: [email protected]
FORM 2A
LISTING STATEMENT
APRIL 24, 2023
NOTE TO READER
This Listing Statement contains a copy of the Final Prospectus of Cascade Copper Corp. (the “ Corporation ”) dated January 24, 2023 (the “ Prospectus ”). Certain sections of the Canadian Securities Exchange (the “ Exchange ”) form of Listing Statement have been included following the Prospectus to provide additional disclosure on the Corporation required by the Exchange, as well as updating certain information contained in the Prospectus.
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TABLE OF CONTENTS
| ITEM 1: TABLE OF CONCORDANCE...................................................................................................................................... 4 |
|---|
| ITEM 2: APPENDIX A – PROSPECTUS OF THE ISSUER DATED JANUARY 24, 2023 ..................................................... 5 |
| ITEM 3: APPENDIX B – LISTING STATEMENT SUPPLEMENTAL DISCLOSURE .......................................................... 167 |
| 3.1 ISSUED CAPITAL ......................................................................................................................................... 167 |
| 3.2 PUBLIC SECURITYHOLDERS (REGISTERED)......................................................................................... 168 |
| 3.3 PUBLIC SECURITYHOLDERS (BENEFICIAL).......................................................................................... 168 |
| 3.4 NON-PUBLIC SECURITYHOLDERS (REGISTERED)............................................................................... 169 |
| 3.5 CONVERTIBLE SECURITIES....................................................................................................................... 169 |
| ADDITIONAL INFORMATION................................................................................................................................................. 170 |
| ITEM 4: SCHEDULE “A” – CERTIFICATE OF THE ISSUER................................................................................................. 171 |
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ITEM 1: TABLE OF CONCORDANCE
| Information Required by Form 2A Listing Statement | Correspondence Item(s) in Prospectus | Prospectus Page # |
|
|---|---|---|---|
| 1. | Table of Contents | Table of Contents | 3 |
| 2. | Corporate Structure | Corporate Structure | 14 |
| 3. | General Development of the Business | General Development of the Business | 15 |
| 4. | Narrative Description of the Business | Business of the Corporation | 15 |
| 5. | Selected Consolidated Financial Information | Selected Financial Information and Management Discussion and Analysis |
70 |
| 6. | Management's Discussion and Analysis Annual MD&A Interim MD&A |
Management's Discussion and Analysis | 70, 71 |
| 7. | Market for Securities | Risk Factors Relating to This Offering | 90 |
| 8. | Description of the Securities | Description of Securities Distributed | 71 |
| 9. | Consolidated Capitalization | Consolidated Capitalization | 72 |
| 10. | Options to Purchase Securities | Options to Purchase Securities | 74 |
| 11. | Escrowed Securities | Escrowed Securities | 75 |
| 12. | Principal Shareholders | Principal Shareholders | 76 |
| 13. | Directors and Officers | Directors and Officers | 76 |
| 14. | Capitalization | Consolidated Capitalization See Appendix“B”attached hereto |
72 167 |
| 15. | Executive Compensation | Executive Compensation | 83 |
| 16. | Indebtedness of Directors and Executive Officers | Indebtedness of Directors and Executive Officers | 85 |
| 17. | Risk Factors | Risk Factors | 86 |
| 18. | Promoters | Promoter | 91 |
| 19. | Legal Proceedings | Legal Proceedings and Regulatory Actions | 91 |
| 20. | Interest of Management and Others in Material Transactions |
Interest of Management and Others in Material Transactions |
91 |
| 21. | Auditors, Transfer Agents and Registrars | Auditors Registrar and Transfer Agent |
91 91 |
| 22. | Material Contracts | Material Contracts | 92 |
| 23. | Interest of Experts | Experts | 92 |
| 24. | Other Material Facts | Other Material Facts | 92 |
| 25. | Financial Statements | Financial Statements | 93, 97 |
| 26. | Certificate of the Issuer | Certificate of the Issuer | 159 |
SCHEDULE “A” - FINAL PROSPECTUS SCHEDULE “B” - FORM 2A LISTING STATEMENT DISCLOSURE
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ITEM 2: APPENDIX A – PROSPECTUS OF THE ISSUER DATED JANUARY 24, 2023
Prospectus of the Issuer commences on the next page.
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ITEM 3: APPENDIX B – LISTING STATEMENT SUPPLEMENTAL DISCLOSURE
| All capitalized terms not specifically defined herein shall have the same meaning as such terms have ascribed to them in the | All capitalized terms not specifically defined herein shall have the same meaning as such terms have ascribed to them in the | All capitalized terms not specifically defined herein shall have the same meaning as such terms have ascribed to them in the | ||
|---|---|---|---|---|
Final Prospectus of the Corporation dated January 24, 2023. |
||||
| Number of Securities (non-diluted) Number of Securities (fully-diluted) % (non- diluted) % (fully diluted) |
||||
| 3.1 | Issued Capital | |||
| Public Float Total Outstanding(A) |
26,705,607 41,295,519 100% 100% |
|||
| (*on the listing date) | ||||
| Held by Related Persons or employees of the Issuer or Related Persons of the Issuer, or by persons or companies who beneficially own or control, directly or indirectly, more than a 5% voting position in the Issuer (or who would beneficially own or control, directly or indirectly, more than a 5% voting position in the Issuer upon exercise or conversion of other securities held)(B) Total Public Float(A-B) Freely Tradable Float Number of outstanding securities subject to resale restrictions, including restrictions imposed by pooling or other arrangements or in a shareholder agreement and securities held by control block holders(C) |
5,915,735 1,150,000 22.15% 2.78% |
|||
| 20,789,872 40,145,519 77.85% 97.21% |
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| 3,625,528 3,625,528 13.58% 8.78% |
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| Total Tradable Float(A-C) | 23,080,079 37,669,991 86.42% 91.22% |
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3.2 Public Securityholders (Registered)
Class of Security
| Size of Holding 1 – 99 securities 100 – 499 securities 500 – 999 securities 1,000 – 1,999 securities 2,000 – 2,999 securities 3,000 – 3,999 securities 4,000 – 4,999 securities 5,000 or more securities TOTAL |
Number of Holders 2 |
Total number of securities 36 |
|
|---|---|---|---|
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| 1 | 3,541 | ||
| 1 | 4,426 | ||
| 48 | 12,672,076 | ||
| 52 | 12,680,079 |
3.3 Public Securityholders (Beneficial)[(1)(2) ]
Class of Security
| Size of Holding 1 – 99 securities 100 – 499 securities 500 – 999 securities 1,000 – 1,999 securities 2,000 – 2,999 securities 3,000 – 3,999 securities 4,000 – 4,999 securities 5,000 or more securities TOTAL |
Number of Holders - |
Total number of securities - |
|
|---|---|---|---|
| - | - | ||
| - | |||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| 146 | 10,000,000 | ||
| 146 | 10,000,000 |
Notes:
(1) The information from the above table is from the Company’s central securities register as of the date of this Listing Statement and assumes the completion of the Offering.
(2) CDS& Co. will, upon completion of the Offering, be the holder of record for 10,000,000 Shares, which is the registration name for the Canadian Depository for Securities Limited which acts as nominee for many Canadian brokerage firms.
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3.4 Non-Public Securityholders (Registered)
Class of Security
| Number of Holders - |
Total number of securities - |
|
|---|---|---|
| - | - | |
| - | - | |
| - | - | |
| - | - | |
| - | - | |
| - | - | |
| 6 | 3,625,528 | |
| 6 | 3,625,528 |
3.5 Convertible Securities
Upon completion of the Offering, the Issuer has the following convertible securities outstanding:
| Type of Security | Number of convertible/exchangeable securities outstanding |
|---|---|
| Issuable upon exercise of Warrants(1) | 10,000,000 |
| Issuable upon exercise of Agent's Warrants(2) | 1,000,000 |
| Issuable upon exercise of the Private Placement Warrants(3) | 2,273,312 |
| Issuable upon exercise of Finder Warrants(4) | 166,600 |
| Issuable upon exercise of directors and management stock options(5) | 1,150,000 |
(1) Of which 10,000,000 Warrants exercisable at $0.15 until October 24, 2024.
(2) Agents’ Warrants issued as compensation under the Offering and exercisable at $0.10 until October 24, 2024.
(3) Private Placement Warrants issued on August 3, 2022, of which, 1,500,000 Warrants exercisable at $0.15 until August 3, 2024, 773,312 Warrants at $0.15 until February 3, 2024.
(4) Finder Warrants issued a Private Placement issued on August 3, 2022, of which, 150,000 Finder Warrants exercisable at $0.10 until August 3, 2024 and 16,600 Finder Warrants exercisable at $0.12 until February 3, 2024.
(5) Of which, 1,150,000 Stock Options exercisable at $0.10 until August 15, 2027.
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ADDITIONAL INFORMATION
Additional information relating to the Issuer is on SEDAR at www.sedar.com. Shareholders may contact the Issuer at Suite 820 – 1130 West Pender Street, Vancouver, British Columbia V6E 4A4 (Telephone: (613) 851-7699) to request copies of the Issuer’s financial statements and MD&A or a copy of this Listing Statement, or any of the Issuer documents incorporated herein by reference.
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ITEM 4: SCHEDULE “A” – CERTIFICATE OF THE ISSUER
Pursuant to a resolution duly passed by its Board of Directors, Cascade Copper Corp., hereby applies for the listing of the above mentioned securities on the Exchange. The foregoing contains full, true and plain disclosure of all material information relating to Cascade Copper Corp. It contains no untrue statement of a material fact and does not omit to state a material fact that is required to be stated or that is necessary to prevent a statement that is made from being false or misleading in light of the circumstances in which it was made.
Dated at Vancouver, British Columbia this 24[th] day of April, 2023.
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Jeffrey S. Ackert, Chief Executive Officer Yanika Silina, Chief Financial Officer
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Shannon Baird, Director
PROMOTER
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Jeffrey S. Ackert
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