22:15:00 EDT Thu 27 Aug 2026
Enter Symbol
or Name
USA
CA



Sasquatch Resources Corp
Symbol SASQ
Shares Issued 46,095,429
Close 2026-08-27 C$ 0.105
Market Cap C$ 4,840,020
Recent Sedar+ Documents

Sasquatch closes $671,000 private placement

2026-08-27 20:03 ET - News Release

Mr. Peter Smith reports

SASQUATCH RESOURCES CLOSES OVER-SUBSCRIBED PRIVATE PLACEMENT

Sasquatch Resources Corp. has closed its previously announced non-brokered private placement (see Sasquatch's news release dated Aug. 11, 2026), raising gross proceeds of $671,000. Under the financing, the company issued: an aggregate of 4,435,000 common shares of the company at a price of 10 cents per share for gross proceeds of $443,500; and an aggregate of 1.82 million flow-through common shares of the company at a price of 12.5 cents per FT share for gross proceeds of $227,500.

The company intends to use the proceeds from the sale of the shares for general working capital and to use the proceeds from the sale of the FT shares to incur eligible Canadian exploration expenses that are flow-through mining expenditures (as such term is defined in the Income Tax Act (Canada)). In connection with the financing, the company paid aggregate finders' fees of $5,220. The shares and FT shares issued under the financing are be subject to a four-month hold period expiring Dec. 28, 2026, in accordance with applicable Canadian securities laws.

Directors and officers of the company participated in the financing, which is considered to be a related-party transaction as defined under Multilateral Instrument 61-101. The related-party transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the transaction does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101. In considering and unanimously approving the financing, there were no materially contrary views, abstentions (except for any abstentions required by corporate law) or material disagreements by any director of the company. The company did not file a material change report at least 21 days before closing the financing, which is reasonable given the MI 61-101 exemptions noted above.

About Sasquatch Resources Corp.

Sasquatch is a mineral exploration company primarily focused on reclamation of waste rock, both at legacy mine sites and in areas where logging roads have encountered and been constructed with significant volumes of mineralized material. In many cases, waste rock at such sites is easily accessible, occurs in significant volumes, and can contain potentially economic grades of copper, gold, silver and other valuable minerals. Removing the high-sulphide material from the waste at these sites (which includes both valuable minerals but also potentially harmful elements such as sulphur, lead and arsenic) can often be effectively done through a relatively simple ore-sorting process, and the high-sulphide material can be removed from the site and sold to an existing end processor. This process can allow the company to address environmental and other hazards while adding critical minerals and other valuable elements to the supply chain, all while minimizing the need to add new mines and/or mining infrastructure. To this end, the company has acquired and is assessing a number of project areas that have waste rock potential, including the 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, the Alberni claim group (about 90 km from Mount Sicker) and the Slesse property near Chilliwack, B.C.

We seek Safe Harbor.

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