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Share Name | Share Symbol | Market | Type |
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TSXV:CZ | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S. NEWSWIRE SERVICES Cassius Ventures Ltd. (TSX VENTURE:CZ) (the "Company") is pleased to announce the completion of the first tranche of a non-brokered private placement announced on May 5, 2014, raising gross proceeds of $225,120 by the issuance of 4,502,400 common shares at $0.05 per common share ("Private Placement"). The Company paid no finder's fees in connection with the Private Placement. The shares issued in this private placement are subject to a hold period expiring October 14, 2014. Out of the gross proceeds raised, $162,120 will be used to settle existing debts owing to non-arms length parties due to management fees and geological consulting service fees as a shares for services settlement. The aforementioned non-arms length parties are also subscribers to the private placement. The Company will use the remaining proceeds from the sale of the common shares for its continued development of the Nicaraguan Gold properties as well as for general working capital purposes. The final closing of this non-brokered private placement is subject to the approval of the TSX Venture Exchange Inc. CASSIUS VENTURES LTD. (www.cassiusventures.com) On behalf of the Board of Directors John A. Thomas P.Eng, CEO and President Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. FOR FURTHER INFORMATION PLEASE CONTACT: Cassius Ventures Ltd. John A. Thomas P.Eng CEO and President 604 558 1107 604 566 9081 (FAX) www.cassiusventures.com
1 Year Cassius Ventures Ltd Chart |
1 Month Cassius Ventures Ltd Chart |
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