RE:RE:Two Weeks and Zero Reply...what does that say! ANCOUVER, BC, June 29, 2020 /CNW/ - CASCADERO COPPER CORPORATION ("CASCADERO") announced today that it has reached an agreement with Lorne Harder Holdings Ltd., a significant shareholder of CASCADERO. As part of the agreement, CASCADERO has accepted the resignation of Mr. Brian Causey as an officer and director, and has appointed Mr. Lorne Harder and Mr. Christopher Ecclestone to the board. The new board will be comprised of Dr. George Gale, Mr. Lorne Harder, and Mr. Christopher Ecclestone. The following are the bio's of Mr. Harder and Mr. Ecclestone:
Lorne Harder: Lorne has been in the insurance industry for over 30 years, much of it as a major shareholder in a large regional brokerage. He holds a Diploma of Financial Management and a Bachelor of Administration (Accounting) degree, and has been awarded a Fellow Chartered Insurance Professional (FCIP) designation by the Insurance Institute of Canada. The Board believes that Lorne's business experience and education position him well to assist the Company in leveraging its assets for the benefit of the shareholders.
Lorne Harder comments: "I am excited that Christopher Ecclestone has agreed to join George Gale and myself on the board. We look forward to working together to create value for the shareholders with the portfolio of assets held by Cascadero."
Christopher Ecclestone: Christopher Ecclestone is a Principal and mining strategist at Hallgarten & Company and is based in London. The firm is almost solely devoted to research on the mining and metals space and commodity strategizing. It also provides ancillary services to the investment banking community such as valuations, due diligence work on transactions and fairness opinions. Coverage is of the TSX, ASX, LSE and some US-listed entities.
Mr. Christopher Ecclestone comments: "I am excited to be reengaging with Argentina, a place I know well, having lived there from 1991-2001. Cascadero's large portfolio of diverse metal exposures in the country has potential to be worked over to increase value for the company and its shareholders. Meanwhile the prospects for Cesium, an element I know very well from my work with strategic metals, are excellent. The potential to become bigger players in Cesium is fairly obvious, particularly in light of its connection to the 5G revolution."
Mr. Christopher Ecclestone has agreed to accept the position of President and CEO, and Mr. Lorne Harder will act as interim Chief Financial Officer and Corporate Secretary.
As a first step, the new board will concentrate its efforts on raising additional capital to finance CASCADERO's properties and for general working capital purposes. In the meantime, Mr. Lorne Harder has agreed to advance the Company a non-interest bearing loan of $ 100,000 for general working capital.