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Cassiar Gold Raises $5.5 Million as It Closes a Private Placement Offering of Flow-Through Units

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Cassiar Gold (GLDC.V) on Friday said it closed a non-brokered private placement offering, raising $5.5 million.

The company placed 7.3-million flow-through units at $0.76 apiece and made up of a tax-advantaged share and a 22-month warrant to buy a share for $0.65.

Proceeds will be used to fund ongoing and future exploration and drill programs at its flagship Cassiar Gold project in northern British Columbia.

Shares of the company were last seen down $0.01 to $0.50 on the TSX Venture Exchange.

Price: $0.50, Change: $-0.01, Percent Change: -1.96%

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