Cassiar Gold Corp. announced a non-brokered private placement of non flow-through unit at a price of CAD 0.25 per unit and flow-through unit at a price of CAD 0.35 per unit for the gross proceeds of CAD 1,000,000 on November 17, 2023. Each non flow-through unit will consist of one common share and one share purchase warrant exercisable at a price of CAD 0.50 per share for a period of 24 months following the closing date of the offering.

Each flow-through unit will consist of one common share and one share purchase warrant exercisable at a price of CAD 0.50 per share for a period of 24 months following the closing date of the offering. In connection with the offering, certain finders may receive a cash fee and/or non-transferable finder warrants. The transaction is expected to occur on or before December 15, 2023, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

The securities issued pursuant to the offering will be subject to a four month hold period from the closing date of the offering in accordance with applicable securities laws.