Business
Cassiar Gold Announces Private Placement for up to Approximately $5.5 Million
Vancouver, British Columbia--(Newsfile Corp. - April 30, 2026) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) ("Cassiar Gold" or the "Company") announces it intends to complete a "best efforts" non-brokered private placement of 7,272,727 flow-through units ("FT Units") at a price of C$0.76 per FT Unit for gross proceeds of up to approximately C$5.5 million (the "Offering"). The proceeds of the Offering will be used to fund ongoing and future exploration and drill programs, at the Company's...
About this update from Cassiar Gold Corp
Vancouver, British Columbia--(Newsfile Corp. - April 30, 2026) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) ("Cassiar Gold" or the "Company") announces it intends to complete a "best efforts" non-brokered private placement of 7,272,727 flow-through units ("FT Units") at a price of C$0.76 per FT Unit for gross proceeds of up to approximately C$5.5 million (the "Offering"). The proceeds of the Offering will be used to fund ongoing and future exploration and drill programs, at the Company's flagship Cassiar Gold Project in northern British Columbia, Canada. Each FT Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"), each of which will qualify as a "flow-through share" pursuant to the Income Tax Act (Canada). Each Warrant will be exercisable by the holder to acquire one additional Common Share at a price of C$0.65 for a period of 22 months following the closing date of the Offering, provided that the exercise of the Warrants will be only be exercisable in the event the Company first enters into a strategic transaction with respect to the Company's Cassiar South project area, the form and terms of which are yet to be determined. The Company intends to use the gross proceeds from the sale of the FT Units to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures," as both such terms are defined in the Income Tax Act (Canada), and for British Columbia subscribers, "BC flow-through mining expenditures," as defined in the Income Tax Act (British Columbia), (the "Qualifying Expenditures"), on the Company's flagship Cassiar Gold Project in northern British Columbia, Canada. The Company will incur the Qualifying Expenditures on or before December 31, 2027, and will renounce all Qualifying Expenditures in favour of the subscribers of the FT Units effective December 31, 2026. Closing of the Offering is expected to occur on or about May 21, 2026, 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 being offered have not been, nor will they be, registered under the United States ...