Sasquatch Resources (SASQ.CN) plans to launch a non-brokered private placement of shares and flow-through shares to raise up to C$500,000, it said late Tuesday.
The company will place up to 3-million shares at C$0.10 apiece for C$300,000, and up to 1.6-million flow-through shares at C$0.125 each for up to C$200,000.
Proceeds from the share placement will be used for general working capital needs, and proceeds from the sale of the FT shares will be used to incur eligible "Canadian exploration expenses" that are "flow-through mining expenditures".
Shares of the company were last seen unchanged at C$0.11 on the Canadian Securities Exchange.