Canasil Receives $369,480 from Exercise of 2,309,250 Warrants
Suite 1760 – 750 West Pender Street
Vancouver, BC V6C 2T8
Canada
Tel: 604-708 3788
Fax: 604-708 3728
Email: [email protected]
NEWS RELEASE TSX-V: CLZ
March 29, 2018 www.canasil.com
Not for distribution to United States newswire services or for dissemination in the United States.
Canasil Receives $369,480 from Exercise of 2,309,250 Warrants
Vancouver, March XX, 2018 – Canasil Resources Inc. (“Canasil”, TSX-V: CLZ , DB Frankfurt: 3CC )
announces that the Company has received $369,480 as proceeds from the exercise of 2,309,250
warrants. The Company had reduced the exercise price of warrants (“Original Warrants”) expiring on
June 21 and 29, 2018, from $0.50 to $0.16 as an incentive for exercise over a limited period until March
23, 2018. The warrants exercised will receive one common share of the Company and one non-
transferable replacement share purchase warrant (“Replacement Warrant”). Each Replacement Warrant
will entitle the holder to purchase one common share of the Company at a price of $0.25 until February
28, 2020. If the closing price of the Company’s shares exceeds $0.33 per share for a period of 10
consecutive trading days (the “Premium Trading Days”), the Replacement Warrants will be subject to an
accelerated expiry date of 30 days, such 30 day period to commence within seven calendar days after
the tenth Premium Trading Day. The price and expiry date of the Original Warrants which were not
exercised under the above terms remain unchanged.
The Original Warrants were issued in connection with a private placement of 8,000,000 Units at $0.32
which closed on June 21 and 29, 2016. Each unit consisted of one common share of the Company and
one-half of one non-transferable share purchase warrant. Each whole warrant entitled the purchase of
one common share of the Company at a price of $0.50 within two years with original expiry dates of
June 21 and 29, 2018.
About Canasil:
Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-
copper-lead-zinc exploration projects in Durango and Zacatecas States, Mexico, and in British Columbia,
Canada. The Company’s directors and management include industry professionals with a track record of
identifying and advancing successful mineral exploration projects through to discovery and further
development. The Company is actively engaged in the exploration of its mineral properties, and
maintains an operating subsidiary in Durango, Mexico, with full time geological and support staff for its
operations in Mexico.
For further information please contact:
Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
Tel: (604) 709-0109
www.canasil.com
Canasil Resources Inc.
News Release, March 29, 2018 page 2/2
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any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of
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