05:56:50 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Sasquatch Resources Corp
Symbol SASQ
Shares Issued 17,904,000
Close 2023-05-08 C$ 0.065
Market Cap C$ 1,163,760
Recent Sedar Documents

Sasquatch Resources arranges $175,000 financing

2023-05-09 08:09 ET - News Release

Mr. Peter Smith reports

SASQUATCH RESOURCES TO CONDUCT PRIVATE PLACEMENT

Sasquatch Resources Corp. will be conducting a non-brokered private placement under which it will raise aggregate gross proceeds of up to $175,000.

The offering will consist of the issuance of: up to two million units at a price of five cents per unit for gross proceeds of $100,000; and up to 1,071,429 flow-through units at a price of seven cents per FT unit for gross proceeds of up to $75,000. Each unit will consist of one common share of the company and one share purchase warrant (entitling the holder to purchase one common share at a price of 10 cents per common share for a period of 24 months from the date of issuance). Each FT unit will consist of one flow-through common share of the company and one warrant. The company intends to use the proceeds from the sale of the units for general working capital. The proceeds received by the company from the sale of FT units will be used to incur eligible Canadian exploration expenses (CEE) that are flow-through mining expenditures (as such term is defined in the Income Tax Act (Canada)).

The company may pay finders' fees in connection with the offering. Securities issued under the offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws. Insiders of the company are expected to participate in the offering.

About the company

Sasquatch Resources is a mineral exploration company focused on its Mount Sicker property in southern Vancouver Island, British Columbia.

We seek Safe Harbor.

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