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CZ

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Share Name Share Symbol Market Type
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
  0.00 0.00% 0 -

Cassius Ventures Closes First Tranche of Non-Brokered Private Placement

13/06/2014 1:00pm

Marketwired Canada


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

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