On May 3, 2024, Cassiar Gold Corp. closed the transaction. The company issued 10,832,735 units at a price of CAD 0.25 per unit for gross proceeds of CAD 2,708,183.75; 1,769,284 flow-through units at a price of CAD 0.35 per flow-through unit for gross proceeds of CAD 619,249.4; 4,000,000 charity flow-through units at a price of CAD 0.37 per charity flow-through unit for gross proceeds of CAD 1,480,000; and 5,250,000 charity flow-through units at a price of CAD 0.3825 per charity flow-through unit for gross proceeds of CAD 2,008,125; for aggregate gross proceeds of CAD 6,815,558.15. Each unit consists of one common share and one common share purchase warrant. Each flow-through unit and charity flow-through unit consists of one flow-through common share and one warrant. Each warrant is exercisable by the holder to acquire one common share at a price of CAD 0.50 for a period of 24 months following the closing date of the offering. The securities issued pursuant to the offering will be subject to a four-month hold period under applicable securities laws. The company paid certain persons finders' fees consisting of cash payments and non-transferable warrants not more than 6%, respectively, of the aggregate proceeds raised from the sale of units and flow-through units to subscribers introduced to the company by the finders. In connection with the Offering, the Company has paid certain finders a total of CAD 230,245 in cash and 918,540 common share purchase warrants of the Company. Insiders of the Company subscribed for a total of 800,000 Units and 599,999 FT Units for aggregate gross proceeds of CAD 409,999.65.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 106 placees including existing insider involvement of three insiders, 800,000 NFT shares and 599,999 FT shares