Sassy Resources Corporation announced a private placement of 16,410,256 shares at a price of CAD 0.195 per share for the gross proceeds of CAD 3.2 million on July 4, 2022. The transaction will involve participation from new investors. The transaction is subject to final approval by the Canada Stock Exchange.

The transaction does not involve any warrants. The transaction is expected to close by July 8, 2022.