Canasil Resources Inc. announced a non-brokered private placement of up to 4,000,000 units at a price of CAD 0.125 per unit for gross proceeds of up to CAD 500,000 on October 19, 2021. Each unit will consist of one common share and one half of one non-transferable share purchase warrant. Each warrant will entitle the purchase of one common share at a price of CAD 0.20 during the first year, increasing to CAD 0.25 in year two following the closing of the transaction. The company may pay finder's fees with respect to all or part of this placement. The terms of the placement are subject to acceptance by the TSX Venture Exchange.