CA - Cassiar Gold to launch flow-through units offering

2023-04-24 08:06:13 ET

• Cassiar Gold ( TSXV: GLDC:CA ) ( OTCQX:CGLCF ) is set to launch a CAD7.00M offering of flow-through units.
• The company has entered into an agreement with Cormark Securities, Canaccord Genuity and Red Cloud Securities to act as co-lead underwriters and joint bookrunners on behalf of a syndicate of underwriters.
• The underwriters have agreed to purchase ?~9.3M flow-through units to be resold to charitable purchasers at CAD0.75 per charity flow-through unit on a bought deal basis.
• Additionally, the company intends to complete a non-brokered private placement of traditional flow-through units at CAD0.75 per regular flow-through unit for aggregate gross proceeds of up to CAD500K.
• The charity flow-through unit and regular flow-through unit consists of one share and one-half of one share purchase warrant.
• Each whole warrant entitles the holder to purchase one non-flow-through share at CAD0.70.
• The proceeds will be used to incur Canadian exploration expenses.
• The offering is scheduled to close on or around May 4.
• Source: Press Release

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