Cassiar Gold Corp. announced that it has received CAD 0.552499 million in funding
On June 5, 2023, Cassiar Gold Corp. closed the transaction. The company has amended the terms of the transaction and it has issued 269,999 traditional flow-through units at an issue price of CAD 0.75 per traditional flow-through unit for gross proceeds of CAD 202,499.25 in the second and final tranche, the company has issued total 736,666 traditional flow-through units for total gross proceeds of CAD 552,499.5 in the transaction. Certain insiders of the company participated in the non-brokered offering. No finders fees were paid in connection with the non-brokered offering. The securities issued pursuant to the non-brokered offering are subject to a four month hold period. The final tranche remains subject to final acceptance of the TSX Venture Exchange.
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from six placees.