Cassiar Gold Corp. announced a non-brokered private placement of non-flow through unit and non-flow through unit for the gross proceeds of up to CAD 2,000,000 on April 2, 2024. Each non-flow through unit will consist of one common share in the capital of the company at a price of CAD 0.25 per unit and one common share purchase warrant.

Each flow through unit will consist of one common share at a price of CAD 0.35. Each warrant will be 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. In connection with the offering, certain finders may receive a cash fee and/or non-transferable finder warrants.

Closing of the offering is expected to occur on or before April 15, 2024, 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