Website - http://www.cascademetals.com/
Number Trading - 2,531,025
Expiration Date - Oct. 30, 1999
Cusip - 146907 11 8
Warrants called to trade news:
Extension of expiry date
1998-10-26 14:37 MT - Miscellaneous
Pursuant to a supplemental indenture dated Aug. 28, 1998, the expiry date for the warrants has been extended to Oct. 30, 1999. All other terms of the warrants remain unchanged. The warrants will commence trading on a cash basis on Oct. 27, 1999.
Warrants' expiry extended; 8 claims acquired; director resigns
1998-09-01 03:11 MT - News Release
Cascade Metals advises that the ASE has approved the extension of the expiry date for Cascade's warrants from 4:30 p.m. on Oct. 30, 1998 to 4:30 p.m. on Oct. 30, 1999. The warrants currently trade on the ASE under the symbol CEM.WT. Two warrants entitle the holder to purchase one common share in the capital of Cascade at 50 cents.
Cascade has acquired eight patented mining claims in the Lida mining district, Esmeralda County, Nevada. Cascade has purchased six claims and leased the other two within the 100 per cent owned Lida claim block. The two leased claims have a 2.5 per cent net smelter royalty (nsr) with a buy-out of $1,000,000.
Cascade has just completed further surface geophysical and geological work in the Lida mining district, including limited underground mapping and sampling on the Florida-Wisconsin and Texas project areas. Results from this program appear promising and are being compiled to be released shortly.
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