Mr. Peter Smith reports
SASQUATCH RESOURCES ANNOUNCES PRIVATE PLACEMENT
Sasquatch Resources Corp. will be conducting a non-brokered private placement, under which it will raise aggregate gross proceeds of up to $500,000.
The offering will consist of the issuance of up to five million units at a price of 10 cents per unit. Each unit will consist of one common share of the company and one-half of one share purchase warrant (each whole warrant entitling the holder to purchase one common share at a price of 15 cents for a period of 24 months from the date of issuance).
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 Sasquatch Resources Corp.
Sasquatch Resources is a mineral exploration company focused on its Mount Sicker property in southern Vancouver Island, British Columbia; the Blue Grouse property, located about 30 kilometres from the Mount Sicker property on the south side of Lake Cowichan; the Santana property (the area known as the former Santana mine) on Quadra Island, British Columbia; and the Slesse property near Chilliwack, B.C.
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