10:50 AM EDT, 05/03/2024 (MT Newswires) -- Cassiar Gold ( CGLCF ) closed its private placement raising $6.8 million through the issue of units, flow through units and charity flow through units.

Each unit consists of one common share and one share purchase warrant. Each FT unit and Charity FT unit consists of one common share and one warrant. Each warrant is exercisable for one share at $0.50 for 24 months.

Proceeds from the FT and charity FT units will fund eligible tax-related exploration expenditures on the Cassiar property in British Columbia, while proceeds from the regular units will fund ongoing and future exploration and general working capital.

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