Cassiar Gold Announces Increase in Private Placement to $6 Million
NOT FOR DISSEMINATION IN THE UNITED STATES
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NEWS RELEASE
Cassiar Gold Announces Increase in Private Placement to $6 Million
CALGARY, ALBERTA -- (October 8, 2020)
Cassiar Gold Corp. (TSX VENTURE: GLDC, OTCQB: MARFF) ("Cassiar" or the "Company") is pleased to announce that
due to strong investor demand it has increased the size of its private placement previously announced on September
30, 2020. Cassiar now proposes to sell up to $1.5 million in units (“Units”) at a price of C$0.60 per Unit and $4.5
million flow-through units on a “CEE flow-though” basis (“Flow-Through Units”) sold to traditional buyers at a price
of C$0.70 per Flow-Through Unit and to charitable buyers at a price C$0.82 per Flow-Through Unit for gross proceeds
of up to $6.0 Million (the “Offering”).
Each Unit will consist of one common share (“Common Share”) in the capital of the Company and one half of one
Common Share purchase warrant ("Warrant). Each Flow-Through 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 half of one flow-through
Warrant ("FT Warrant"). Each whole Warrant will be exercisable by the holder thereof to acquire one Common Share
(a “Warrant Share”) at a price of C$0.90 for a period of 24 months following the closing date of the Offering. Red
Cloud Securities Inc. will be acting as a finder in connection with the Offering. All other terms are as described in the
initial private placement news release.
Proceeds of the Offering will be used to pursue the Company’s ongoing exploration and drilling programs and for
general working capital. 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.
About Cassiar Gold Corp.
Cassiar Gold Corp. (TSX.V: GLDC, OTCQB: MARFF) is a Canadian gold exploration company focused on exploration in
British Columbia, and is directed by a group of highly successful business executives. The company has two important
assets, the Cassiar Gold Project and the Sheep Creek Gold District. Both are orogenic gold projects, similar to the
Barkerville District of central British Columbia
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 economic 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 accompanying 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.
NOT FOR DISSEMINATION IN THE UNITED STATES
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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.
CONTACT INFORMATION
Cassiar Gold Corp.
https://www.cassiargold.com/
Marco Roque
CEO and a Director
+852 6691 6295