Source: Cassiar Gold
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  • Cassiar Gold Corp. (GLDC) has closed the first tranche of its upsized non-brokered private placement for aggregate gross proceeds of up to $2 million
  • Under the first tranche, the company issued 1,163,570 flow-through units at C$0.70 per FT unit for gross proceeds of $814,500
  • The company intends to use proceeds from the offering to fund ongoing exploration and drill programs at its flagship Cassiar Gold Project in northern British Columbia
  • Cassiar Gold is a Canadian gold exploration company
  • Cassiar Gold (GLDC) was up 5.08 per cent, trading at $0.62 at 09:40 am ET

Cassiar Gold Corp. (GLDC) has closed the first tranche of its previously announced, upsized non-brokered private placement.

Under the first tranche, the company issued 1,163,570 flow-through units at C$0.70 per FT unit for gross proceeds of $814,500.

Each whole warrant will be exercisable to acquire one additional common share for a period of 24 months.

Proceeds from the offering will be used to fund ongoing exploration and drill programs at its flagship Cassiar Gold Project in northern British Columbia.

Cassiar Gold Corp. (GLDC) is a Canadian gold exploration company holding a 100 per cent interest in its flagship Cassiar Gold Property located in British Columbia.

Cassiar Gold (GLDC) was up 5.08 per cent, trading at $0.62 at 09:40 am ET.


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