10:54 AM EDT, 08/20/2025 (MT Newswires) -- Cascadia Minerals ( CAMNF ) was edging up Wednesday after saying that it is undertaking certain shares for debt settlements in connection with its acquisition of Granite Creek Copper (GCX.V).

Upon completion of the acquisition on Aug. 13, Timothy Johnson, former CEO and president of Granite Creek, became entitled to a change of control payment in the amount of $360,000, of which $180,000 has been paid in cash. Cascadia will pay the remaining amount by issuing 1,169,666 shares to him.

Cascadia also agreed to settle a debt owed to a past CEO of Granite Creek for total consideration of $365,000. The company will pay $55,000 in cash and settle $235,946 by issuing 1,533,217 shares. The remaining balance will be paid in cash.

Cascadia traded at $0.145 per share at last look Wednesday after its share price dropped 12.5% on Tuesday.