Sassy Closes Final Tranche of $3.6 Million Private Placement
Sassy Resources Corporation (CSE:SASY)(OTCQB:SSYRF) has successfully completed a second tranche of its private placement, raising $404,750 through the issuance of 2,075,641 common shares at $0.195 each. This brings the total gross proceeds from both tranches to $3,634,910. The funds will be allocated for drilling and exploration at the Foremore Project focused on advancing the Westmore gold discovery. Sassy plans to rebrand as 'Sassy Gold' and paid finder's fees totaling $19,792.50 for this tranche. All issued securities are subject to a four-month hold period.
- Raised a total of $3,634,910 from the private placement, indicating strong investor interest.
- Funds will support drilling and exploration at the high-grade Westmore gold discovery, enhancing potential for future growth.
- Rebranding to 'Sassy Gold' may enhance market perception and attract more investors.
- None.
VANCOUVER, BC / ACCESSWIRE / July 14, 2022 / Sassy Resources Corporation ("Sassy" or the "Company") (CSE:SASY)(FSE:4E7)(OTCQB:SSYRF) is pleased to announce that it has closed the second and final tranche of its over-subscribed non-brokered private placement (the "Private Placement"), raising additional gross proceeds of
Mr. Mark Scott, Sassy CEO, commented: "This strategic hard dollar placement has brought several very motivated key new investors into Sassy as we prepare to take the Westmore high-grade gold discovery to a new level and rebrand the Company as ‘Sassy Gold' during the second half of July."
Sassy paid total finder's fees of
All securities issued are subject to a four-month hold period pursuant to securities laws in Canada, which expires on November 14, 2022.
The Company intends to use the proceeds from the Private Placement for upcoming drilling and exploration at its
About Sassy Resources Corporation
Sassy is an exploration stage resource company currently engaged in the identification, acquisition and exploration of high-grade precious metal and base metal projects in North America. Its focus is the Foremore Project located in the Eskay Camp, Liard Mining Division, in the heart of Northwest B.C.'s prolific Golden Triangle. Sassy is also earning up to a
Contact Information:
Mark Scott
Chief Executive Officer & Director
info@sassyresources.ca
Terry Bramhall
Corporate Communications/IR
1.604.833.6999 (mobile)
1.604.675.9985 (office)
terry.bramhall@sassyresources.ca
Michael Adams
Managing Director - Star Finance GmbH
info@star-finance.eu
The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Sassy Resources Corporation
View source version on accesswire.com:
https://www.accesswire.com/708486/Sassy-Closes-Final-Tranche-of-36-Million-Private-Placement
FAQ
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