Mr.
Bahman Yamini reports
CANASIL CLOSES NON-BROKERED PRIVATE PLACEMENT
Canasil Resources Inc. has closed the non-brokered private placement of two million common shares of the company at a price of 15 cents per share for gross proceeds of $300,000. The proceeds will be used for continuing exploration programs on the company's mineral exploration projects and for working capital. No finders' fees or commissions have been paid in connection with this private placement, which has been approved by the TSX Venture Exchange.
Securities issued pursuant to the offering will be subject to resale restrictions for a period of four months from the closing date to June 6, 2016.
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