I always love it when I get free shares in another company that is already trading. Cascade Copper trade under the symbol CASC.
Light trading for Tocvan again this week as we wait for Bulk sample results before we begin drilling Pilar and El Picacho.
The Rogers Creek copper-gold property is composed of eight contiguous mineral claims covering approximately 82.34 square kilometres. The Rogers Creek project is located within southwestern British Columbia and is being explored for porphyry and epithermal-style copper, gold and molybdenum mineralization associated with intrusive activity that is part of the postaccretionary Tertiary age Cascade magmatic arc. Several very large porphyry and epithermal deposits occur within the Cascade belt in neighbouring southeast Alaska and Washington State and in other similar-aged magmatic belts around the world. This project has the potential to host large tonnage porphyry style mineralization. Below is the Press Release for distribution of shares to shareholders as of May 21, 2023.
The five million common shares that Tocvan Ventures Corp. previously received from the sale of the Rogers Creek property to Cascade Copper Corp. on April 22, 2022, will be paid to Tocvan shareholders as an in specie dividend in the form of Cascade common shares.
Tocvan's board of directors has set a record date of May 31, 2023, for the dividend. The in specie dividend is scheduled to be paid to all Tocvan shareholders who are registered shareholders on the record date.
Eligible Tocvan shareholders will receive one Cascade common share for every 7.9852 Tocvan shares they hold at the close of business on the record date. Tocvan shareholders will be entitled to a whole number of Cascade common shares, with any entitlement to a fraction of a Cascade common share being rounded down to the nearest whole share. The dividend is expected to be issued in June.