Cassiar Gold Announces $3 Million Non-Brokered Private Placement of Flow- Through Units Led by Crescat Capital
NOT FOR DISSEMINATION IN THE UNITED STATES
Page 1 of 3
NATDOCS\49022057\V-1
NEWS RELEASE
Cassiar Gold Announces $3 Million Non-Brokered Private Placement of Flow-
Through Units Led by Crescat Capital
HONG KONG AND CALGARY, ALBERTA -- (July 27, 2021)
Cassiar Gold Corp. (TSXV : GLDC, OTCQX : CGLCF) ("Cassiar" or the "Company") is pleased to announce a non -
brokered private placement of flow-through units (“FT Units”) and premium flow-through units (“Premium FT Units”)
for gross proceeds of up to $3 Million (the “Offering”). Proceeds of the Offering will be used to advance the ongoing
exploration and drilling programs at the Company’s flagship Cassiar Gold Project in northern British Columbia.
The Company will issue up to 5,000,000 Units, each at a price of $0.60 per unit. Each FT Unit will consist of one
common share issued on a "CEE flow-through" basis pursuant to the Income Tax Act (Canada) ("CEE Share") and one
flow-through Warrant ("FT Warrant"). Each FT Warrant will be exercisable by the holder thereof to acquire one CEE
Share at a price of C$0.75 for a period of 24 months following the closing date of the Offering.
Each Premium FT Unit will consist of one CEE Share and one Warrant ("Warrant"). Each Warrant will be exercisable
by the holder thereof to acquire one common share in the capital of the Company at a price of C$0.74 for a period
of 24 months following the closing date of the Offering.
“Cassiar Gold holds a commanding large land position covering most of the Cassiar high-grade orogenic gold field in
northern British Columbia," commented Quinton Hennigh, technical advisor to Crescat Capital. "High -grade gold
mineralization occurs in steeply dipping tension structures in between stacked flat shear zones underlying the region.
Exploring such targets requires expertise in structural geology, and the Company has one of the best such geologists,
David Rhys, on their team along with several other heavyweight explorers. We like putting money behind smart
people, and at Cassiar, one has a strong team focused on an exceptional high-grade gold field.”
“We are very pleased to welcome Crescat Capital as a long -term strategic investor,” said Marco Roque, CEO of
Cassiar Gold. “The proceeds from this financing will allow us the flexibility to increase our work program this year as
well to continue to build the breadth and depth of high -quality institutional investors in our shareholder base,” he
added.
Closing of the Offering is expected to occur on or before August 12, 2021 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 ("TSXV").
The securities issued pursuant to the Offering will be subject to a four-month hold period under applicable securities
laws. In connection with the Offering, certain finders may receive a cash fee and/or non-transferable finder warrants.
The securities being offered have no t been, nor will they be, registered under the United States Securities Act of
1933, as amended, and may not be offered or sold in the United states or to, or for the account or benefit of, U.S.
persons absent registration or an applicable exemption from the registration requirements. This news release shall
not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful.
NOT FOR DISSEMINATION IN THE UNITED STATES
Page 2 of 3
NATDOCS\49022057\V-1
About Crescat Capital
Crescat is a global macro asset management firm headquartered in Denver, Colorado. Crescat’s mission is to grow
and protect wealth over the long term by deploying tactical investment themes based on proprietary value -driven
equity and m acro models. Crescat’s goal is industry leading absolute and risk -adjusted returns over complete
business cycles with low correlation to common benchmarks. The company’s investment process involves a mix of
asset classes and strategies to assist with each client’s unique needs and objectives and includes Global Macro,
Long/Short, Large Cap and Precious Metals funds.
About Dr. Quinton Hennigh
Crescat is advised by its technical consultant, Dr. Quinton Hennigh on investments in gold and silver resource
companies. Dr. Hennigh became an economic geologist after obtaining his PhD in Geology/Geochemistry from the
Colorado School of Mines. He has mor e than 30 years of exploration experience with major gold mining firms that
include Homestake Mining, Newcrest Mining and Newmont Mining. Recently, Dr. Hennigh founded Novo Resources
Corp (TSXV: NVO) and is serving as Chairman. Among his notable project in volvements are First Mining Gold’s
Springpole gold deposit in Ontario, Kirkland Lake Gold’s acquisition of the Fosterville Gold Mine in Australia, the
Rattlesnake Hills gold deposit in Wyoming.
About Cassiar Gold Corp.
Cassiar Gold Corp. is a Canadian gold exploration company focused on projects in British Columbia and led by a team
of highly experienced financial and technical executives. The Company’s key asset, the Cassiar Gold Project, is a large,
highly prospective, road -accessible gold property that encompasses the entire Cassiar gold mining district. The
Company has a NI 43-101-compliant inferred resource estimate of 1M oz at 1.43 g/t Au at the Taurus bulk-tonnage
gold deposit and has high potential for further discovery and expansion of bonanza grade orogenic gold veins in the
past-producing Cassiar South area. Historical underground mining in the Cassiar south area yielded over 300,000 oz
of Au at grades of between 10 and 25 g/t Au, underscoring the high -grade potential of the district. The Proper ty
hosts numerous gold showings, historical workings, and exploration prospects over a >15 km long and up to 10 km
wide trend. It also has a fully permitted 300 tpd mill and tailings facility which could provide the potential for near
term production if ne w and expanded high grade resources are defined in the areas of active mining leases that
cover some of the most prospective parts of the South Cassiar area. Cassiar Gold acknowledges, respects, and
supports the rights of Traditional First Nations in the lands and communities where we operate.
Forward Looking Statements
This press release may contain forward looking statements including those describing Cassiar's future plans and the
expectations of management that a stated result or condition will occur. Any statement addressing future events or
conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those
anticipated by management at the time of writing due to many factors, the majority of which are beyond the control
of Cassiar and its management. In particular, this news release contains forward -looking statements pertaining,
directly or indirectly, to the following: Cassiar's exploration plans and work commitments, market conditions and the
Company's reasonable commercial efforts regarding financing activities, the ability to close the Offering in the
amount anticipated or at all, the use of proceeds of the Offering and econom ic factors, business and operations
strategies. Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These
statements speak only as of the date of this release or as of the date specified in the documents acc ompanying this
release, as the case may be. The Company undertakes no obligation to publicly update or revise any forward-looking
statements except as expressly required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation S ervices Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISSEMINATION IN THE UNITED STATES
Page 3 of 3
NATDOCS\49022057\V-1
CONTACT INFORMATION
Cassiar Gold Corp.
Marco Roque
CEO and a Director
+852 6691 6295