ACCESS Newswire
10 Sep 2021, 17:31 GMT+10
VANCOUVER, BC / ACCESSWIRE / September 10, 2021 / Sassy Resources Corporation ('Sassy' or the 'Company') (CSE:SASY)(FSE:4E7)(OTCQB:SSYRF) is pleased to provide an exploration update on the Company's projects in Northwest B.C.'s Eskay Camp and the Central Newfoundland Gold Belt.
Foremore Gold-Silver Project
Central Newfoundland Gold Belt Exploration Update
Gander Gold Financing
The Company announces that its subsidiary, Gander Gold Corporation ('Gander'), has closed a non-brokered private placement (the 'Private Placement') raising gross proceeds of $272,500 through the issuance of 1,090,000 special warrants (the 'Special Warrants') at a price of $0.25 per Special Warrant. The Special Warrants are convertible into common shares of Gander at a date to be determined by the board of directors of Gander, but no later than two weeks after Gander becomes a reporting issuer. The 109 individual investors who participated in the Private Placement were limited to an allotment of 10,000 Special Warrants ($2,500) per participant, for the purpose of achieving the share distribution required for Gander's planned application to list on a Canadian exchange.
No finder's fees were paid in connection with the Private Placement. To date, Gander has raised $5,273,708 through the issuance of convertible Special Warrants.
Mr. Mark Scott, Sassy CEO, commented: 'We are very pleased with the exploration progress being made in both B.C. and Newfoundland. At Foremore we continue to follow up on the exciting results generated during our first field season in 2020. In Newfoundland we have launched an aggressive early-stage exploration program which is already starting to generate targets for follow-up exploration, and we're only just scratching the surface of that very large land package.
Sassy's CEO continued, 'Corporately, we are putting the elements in place to ensure the Gander Gold listing application process is as smooth and expeditious as possible. Our new website has launched to positive reviews and is a valuable source of information for our current and prospective investors. All of which has been accomplished while maintaining focused control of our share structure. Overall, we are very pleased with the foundation we've built for the creation of real long-term shareholder value after just our first year as a public company.'
Subscribe for Updates
Photographs and videos from the Company's projects in Northwest B.C. and Newfoundland will be added to the Sassy website over the coming days and weeks. Visit SassyResources.com and sign up for news alerts to stay informed as exploration continues year-round.
Qualified Person
The technical information in this news release has been reviewed and approved by Mr. Ian Fraser, P.Geo., Vice President of Exploration for Sassy Resources. Mr. Fraser is the Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.
About Sassy Resources Corporation
Sassy Resources 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, and the Central Newfoundland Gold Belt where Sassy is one of the district's largest landowners.
Caution Regarding Forward-Looking Statements
Investors are cautioned that, except for statements of historical fact, certain information contained in this document includes 'forward-looking information', with respect to a performance expectation for Sassy Resources Corporation. Such forward looking statements are based on current expectations, estimates and projections formulated using assumptions believed to be reasonable and involving a number of risks and uncertainties which could cause actual results to differ materially from those anticipated. Such factors include, without limitation, fluctuations in foreign exchange markets, the price of commodities in both the cash market and futures market, changes in legislation, taxation, controls and regulation of national and local governments and political and economic developments in Canada and other countries where Sassy carries out or may carry out business in the future, the availability of future business opportunities and the ability to successfully integrate acquisitions or operational difficulties related to technical activities of mining and reclamation, the speculative nature of exploration and development of mineral deposits, including risks obtaining necessary licenses and permits, reducing the quantity or grade of reserves, adverse changes in credit ratings, and the challenge of title. The Company does not undertake an obligation to update publicly or revise forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Some of the results reported are historical and may not have been verified by the Company.
Contact Info:
Mark Scott
Chief Executive Officer & Director
[email protected]
Terry Bramhall
Sassy Resources - Corporate Communications/IR
1.604.833.6999 (mobile)
1.604.675.9985 (office)
[email protected]
In Europe:
Michael Adams
Managing Director - Star Finance GmbH
[email protected]
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
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