Non-brokered deal to finance development of the Kouroussa Gold Project
By Devika Patel
Knoxville, Tenn., Oct. 31 – Cassidy Gold Corp. said it settled a C$6.11 million non-brokered private placement of stock with Alchemists Inc.
The company sold 122,188,000 common shares at C$0.05 apiece, which is a 25% premium to the Oct. 30 closing share price of C$0.04.
Proceeds will be used for development of the Kouroussa Gold Project and general corporate purposes.
Cassidy, based in Kamloops, B.C., is a gold exploration and development company.
| Issuer: | Cassidy Gold Corp.
|
| Issue: | Common shares
|
| Amount: | C$6,109,400
|
| Shares: | 122,188,000
|
| Price: | C$0.05
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | Alchemists Inc.
|
| Settlement date: | Oct. 31
|
| Stock symbol: | TSX Venture: CDX
|
| Stock price: | C$0.04 at close Oct. 30
|
| Market capitalization: | C$2.93 million
|
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