By Sheri Kasprzak
Atlanta, Feb. 18 - Cassidy Gold Corp. said it plans to raise C$1.8 million in a non-brokered private placement.
The offering includes 3 million units at C$0.60 each. The units are comprised of one share and one half-share warrant. The whole warrants allow for an additional share at C$0.70 each for one year.
Based in Kamloops, B.C., Cassidy Gold is a gold exploration and development company. The proceeds will be used for exploration on its projects in Guinea, West Africa. The remainder will be used for working capital.
| Issuer: | Cassidy Gold Corp.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$1.8 million
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| Units: | 3 million
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| Price: | C$0.60
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$0.70
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| Pricing date: | Feb. 18
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| Stock price: | C$0.66 at close Feb. 18
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