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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%
3,625,528
3,625,528
13.58%
8.78%
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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Darcy J. Christian, Director

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Shannon Baird, Director

PROMOTER

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Jeffrey S. Ackert

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