Pacific Cascade Minerals Inc. V.PCV

PP non brokered

[mapleleaf]

Source      MARKET NEWS

Date  09/24/2009

Time  11:26:39 AM

 

Company     Pacific Cascade Minerals Inc.

Title Arranges Non-Brokered Private Placement

 

    CDNX Symbol: PCV

 

Press Release    

 

PACIFIC CASCADE MINERALS INC ("PCV-V")

- Arranges Non-Brokered Private Placement

Pacific Cascade Minerals Inc. (the "Company") is pleased to announce

that it has arranged a non-brokered private placement of 2.5 million Units

of securities. The Units are being placed at a price of $0.10 each, for

gross proceeds of $250,000.

Each Unit under the private placement consists of one common share and

one common share purchase warrant. Each common share purchase warrant

entitles the holder to acquire one additional common share of the Company

at an exercise price of $0.15 within 24 months of closing. The placement is

subject to regulatory approval.

The proceeds of the private placement will be used to pay a portion of

the Company's required cash contribution to the BioFuel Joint Venture,

described in the Company's July 3, 2009 news release.

 

ON BEHALF OF THE BOARD OF DIRECTORS,

Marc Tran, CFO

Pacific Cascade Minerals Inc.

 

The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or the accuracy of this news release.

We seek Safe Harbor.

 

Capitalization Report for Pacific Cascade Minerals Inc

Shares Issued: 24688069

Shares Escrow: 5166664

 

TEL:  [phone]      Marc Tran, CFO

FAX:  [phone]

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