- Michael Gentile increases stake in Cascadia Minerals Ltd. (CAMNF, Financial) with acquisition of 1,785,714 units.
- Gentile's position now includes 6,506,214 common shares and 4,760,014 warrants, representing 8.95% undiluted and 14.55% partially diluted ownership.
- Each warrant acquired allows the purchase of one common share at $0.24 within two years.
Michael Gentile has filed an early warning report to announce his enhanced investment in Cascadia Minerals Ltd. (CAMNF). By acquiring 1,785,714 units, each consisting of one common share and one warrant, Gentile has significantly increased his position in the company. The acquisition elevates his holdings to 6,506,214 common shares and 4,760,014 warrants, representing approximately 8.95% of the outstanding shares on an undiluted basis and 14.55% on a partially diluted basis.
Each warrant provides the right to purchase one common share of Cascadia Minerals at $0.24 per share, exercisable within two years from the date of issuance. This strategic move suggests a strong belief in the company's potential, as Gentile has expressed a long-term view of his investment. He may either increase his holdings further or consider selling shares depending on future market conditions and other influencing factors.
Prior to this transaction, Gentile owned 4,720,500 common shares and 2,974,300 warrants, which accounted for 6.66% of the company's issued and outstanding common shares on an undiluted basis and 10.42% on a partially diluted basis. The recent acquisition indicates a notable augmentation of his stake in the company.
The information regarding this acquisition and Michael Gentile’s intentions can be found in the detailed report available on SEDAR+. Interested parties can also contact Michael Gentile directly for further details.
