- Cassiar Gold (GLDC) is pleased to announce a non-brokered private placement of flow-through units for gross proceeds of up to $3M
- Cassiar will issue up to 5,000,000 units, at a price of $0.60 per unit
- Each warrant will be exercisable for one share at a price of C$0.675 for a period of 24 months
- Proceeds will be used to advance the ongoing exploration and drilling programs at the Cassiar Gold Project
- The offering is expected to close on or before August 12, 2021
- Crescat is a global macro asset management firm headquartered in Denver, Colorado
- Cassiar Gold Corp. is a Canadian gold exploration company focused on projects in British Columbia
- Cassiar Gold Corp. (GLDC) opened trading at C$0.465 per share
Cassiar Gold (GLDC) is pleased to announce a non-brokered private placement of flow-through units for gross proceeds of up to $3M.
Cassiar will issue up to 5,000,000 units, at a price of $0.60 per unit. Each FT unit will include one common share and one flow-through warrant. Each FT warrant will be exercisable for one share at a price of C$0.675 for a period of 24 months following the closing date of the offering.
Each Premium FT unit will consist of one share and one warrant. Each warrant will be exercisable to acquire one common share at a price of C$0.675 for a period of 24 months following the closing date of the offering.
Proceeds will be used to advance the ongoing exploration and drilling programs at the Cassiar Gold Project in northern British Columbia.
“Cassiar Gold holds a commanding large land position covering most of the Cassiar high-grade orogenic gold field in northern British Columbia,” commented Quinton Hennigh, technical advisor to Crescat Capital.
“High-grade gold mineralization occurs in steeply dipping tension structures in between stacked flat shear zones underlying the region. Exploring such targets requires expertise in structural geology, and the Company has one of the best such geologists, David Rhys, on their team along with several other heavyweight explorers. We like putting money behind smart people, and at Cassiar, one has a strong team focused on an exceptional high-grade gold field.”
“We are very pleased to welcome Crescat Capital as a long-term strategic investor,” said Marco Roque, CEO of Cassiar Gold.
“The proceeds from this financing will allow us the flexibility to increase our work program this year as well to continue to build the breadth and depth of high-quality institutional investors in our shareholder base,” he added.
The offering is expected to close on or before August 12, 2021, and is subject to all necessary approvals including the approval of the TSX Venture Exchange.
The securities issued will be subject to a four-month hold period. Finders may receive a cash fee and/or non-transferable finder warrants.
Crescat is a global macro asset management firm headquartered in Denver, Colorado.
Cassiar Gold Corp. is a Canadian gold exploration company focused on projects in British Columbia. The company’s key asset, the Cassiar Gold Project, is a large, highly prospective, gold property that encompasses the entire Cassiar gold mining district.
Cassiar Gold Corp. (GLDC) opened trading at C$0.465 per share.
