Business
Cassiar Gold Announces Brokered LIFE Offering for Gross Proceeds of up to C$5 Million
Calgary, Alberta--(Newsfile Corp. - June 25, 2025) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) ("Cassiar Gold" or the "Company") is pleased to announced that it has entered into an agreement with Red Cloud Securities Inc. (the "Agent") to act as sole agent and bookrunner in connection with a "best efforts" private placement (the "Marketed Offering") for the sale of (i) a combination of up to 11,111,111 flow-through units (each, a "Regular FT Unit") ...
About this update from Cassiar Gold Corp
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - June 25, 2025) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) ("Cassiar Gold" or the "Company") is pleased to announced that it has entered into an agreement with Red Cloud Securities Inc. (the "Agent") to act as sole agent and bookrunner in connection with a "best efforts" private placement (the "Marketed Offering") for the sale of (i) a combination of up to 11,111,111 flow-through units (each, a "Regular FT Unit") or flow-though units to be sold to charitable purchasers (each, a "Charity FT Unit", and together with the Regular FT Units, the "FT Units") at a price of C$0.36 per FT Unit (the "FT Price") for aggregate gross proceeds of up to C$4,000,000 and (ii) up to 4,000,000 in units of the Company (each a, "Units") for aggregate gross proceeds of up to C$1,000,000. The Marketed Offering replaces and terminates the non-brokered private placement previously announced by the Company on June 20, 2025.","length":1031,"tagName":"p"},{"type":"text","content":"Each FT Unit will consist of one common share in the capital of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a "FT Share") and one common share purchase warrant (each, a "Warrant"). Each Unit will consist of one common share of the Company ("Unit Share") and one Warrant. Each Warrant under Marketed Offering shall entitle the holder to purchase one common share in the capital of the Company (each, a "Warrant Share") at a price of C$0.50 at any time on or before that date which is 24 months after the Closing Date (as defined herein).","length":640,"tagName":"p"},{"type":"text","content":"The Company also grants the Agent an option, exercisable in full or in part up to 48 hours prior to the closing of the Marketed Offering, to sell up to an additional 2,777,778 FT Units at the FT Price for additional gross proceeds of up to C$1,000,000 (the "Agent's Option"). The Marketed Offering and the securities issuable upon exercise of the Agent's Option shall be collectively referred to as the "Offering".","length":438,"tagName":"p"},{"type":"text","content":"The Company intends to use the gross proceeds from the sale of the FT Units to incur eligibl...