Cassiar Gold (TSX-V:GLDC) has raised an aggregate C$6 million ($6.73 million) in a private placement to fund further exploration at its namesake project in British Columbia, Canada.
The company will issue 1.23 million flow through units and another 12.57 million to charitable purchasers at an offer price of C$0.36 per unit to raise the first C$4.97 million.
The remaining C$1.03 million will be sourced from 4,13 million units issued at C$0.25 per unit.
Red Cloud Securities is acting as the sole agent and bookrunner for this placement.
Each unit will comprise one share and one purchase warrant, which will entitle holders to purchase an additional share at an offer price of C$0.5 on or before 29 July 2027.
Cassiar Gold is a Canadian explorer focused on advancing its flagship Cassiar Gold Property, which covers 590km2 in British Columbia.
Write to Maddison Elliott at Mining.com.au
Images: Cassiar Gold
