Sasquatch Resources Closes Over-Subscribed Private Placement
Sasquatch Resources Closes Over-Subscribed Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 25, 2023) - SASQUATCH RESOURCES CORP. (CSE: SASQ) ("Sasquatch" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement (the "Offering") (see Sasquatch's news release dated May 9, 2023). Under the over-subscribed Offering, Sasquatch raised gross proceeds of $290,000 through the issuance of 4,300,000 units (each, a "Unit") at a price of $0.05 per Unit for gross proceeds of $215,000 and the issuance of 1,071,429 flow-through units (each, an "FT Unit") at a price of $0.07 per FT Unit for gross proceeds of $75,000. Each Unit consists of one common share of the Company and one share purchase warrant (each, a "Warrant", entitling the holder to purchase one common share at a price of $0.10 per common share for a period of twenty-four (24) months from the date of issuance). Each FT Unit consists of one "flow-through" common share of the Company and one Warrant. Securities issued under the financing are subject to a four month hold period expiring September 26, 2023, in accordance with applicable Canadian securities laws.
溫哥華，不列顛哥倫比亞省-(Newsfile Corp.-2023年5月25日)-大腳野人資源公司。(CSE：SASQ)(“大腳野人“或”公司“)很高興地宣佈，它已經結束了之前宣佈的非經紀私募(The”供奉)(見Sasquatch於2023年5月9日發佈的新聞稿)。在超額認購的情況下，Sasquatch通過發行430萬個單位(每個單位，一個)籌集了29萬美元的總收入單位“)以每單位0.05美元的價格出售，總收益為215,000美元，併發行1,071,429個流動單位(每個、FT單位)，每個FT單位的價格為0.07美元，總收益為75,000美元。每個單位包括一股公司普通股和一份認購權證(每份，一份)搜查令“，持有者有權以每股0.10美元的價格購買一股普通股，自發行之日起二十四(24)個月內)。每個FT單位由一股”流通型“公司普通股和一隻認股權證組成。根據適用的加拿大證券法，根據此次融資發行的證券有四個月的持有期，截止於2023年9月26日。
The Company intends to use the proceeds from the sale of the Units for general working capital. The proceeds received by the Company from the sale of FT Units will be used to incur eligible "Canadian exploration expenses" ("CEE") that are "flow-through mining expenditures" (as such term is defined in the Income Tax Act (Canada)). The Company paid finder's fees of $1,500 in connection with the Offering.
本公司擬將出售單位所得款項用作一般營運資金。公司出售FT單位所得款項將用於產生符合條件的“加拿大勘探費用”(“中電“)，即”流轉採礦支出“(這一術語在《所得稅法》(加拿大))。該公司支付了與此次發行相關的1,500美元的尋人費用。
Certain directors and officers of the Company participated in the private placement, and such participation is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). This is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of such participation does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.
本公司若干董事及高級職員參與是次私募，此項參與被視為多邊檔案61-101(“)所界定的”關聯方交易“。米其林61-101“)。這獲豁免遵守MI 61-101的正式估值及少數股東批准的要求，因為該等參與的公平市值不超過根據MI 61-101釐定的本公司市值的25%。
About the Company
關於本公司
Sasquatch Resources Corp. is a mineral exploration company focused on its Mount Sicker Property in southern Vancouver Island, British Columbia. For further information, please refer to the Company's disclosure record on SEDAR () or contact the Company by email at psmith@sasquatchresources.com or by telephone at 778.999.7030.
大腳野人資源公司是一家礦產勘探公司，專注於其位於不列顛哥倫比亞省溫哥華島南部的斯菲爾山莊。欲瞭解更多資訊，請參考公司在SEDAR()上的披露記錄，或通過電子郵件psmith@sasquatchresource ces.com或電話778.999.7030與公司聯繫。
On Behalf of the Board of Directors
我謹代表董事會
Peter Smith
Chief Executive Officer
778.999.7030
彼得·史密斯
首席執行官
778.999.7030
Forward-Looking Information
前瞻性資訊
Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect, including with respect to the Company's business plans respecting the exploration and development of the Mount Sicker Property, the proposed work program on the Mount Sicker Property and the potential and economic viability of the Mount Sicker Property. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
本新聞稿中的某些陳述是前瞻性陳述，包括關於未來計劃和其他事項的陳述。前瞻性陳述包括非純粹歷史性的陳述，包括有關對未來的信念、計劃、期望或意圖的陳述。這樣的資訊通常可以通過使用諸如“可能”、“預期”、“估計”、“預期”、“打算”、“相信”和“繼續”或其否定或類似變體的轉發措辭來識別。讀者請注意，在準備任何前瞻性資訊時使用的假設可能被證明是不正確的，包括與公司關於勘探和開發芒特瑟爾物業的業務計劃、關於芒特菲舍爾物業的擬議工作計劃以及芒特菲舍爾物業的潛力和經濟可行性有關的假設。由於許多已知和未知的風險、不確定性和其他因素，包括但不限於商業、經濟和資本市場狀況、管理運營費用的能力以及對關鍵人員的依賴，許多因素不是公司所能控制的，事件或情況可能導致實際結果與預期大不相同。這些陳述和資訊是基於對目前和未來的業務戰略以及公司未來的經營環境、預期成本和實現目標的能力的許多假設。可能導致實際結果與前瞻性陳述中的結果大不相同的因素包括：資本和融資的持續可獲得性、訴訟、交易對手未能履行其合同義務、關鍵員工和顧問的流失以及總體經濟、市場或商業狀況。本新聞稿中包含的前瞻性陳述明確地受到本警示性聲明的限制。提醒讀者不要過度依賴任何前瞻性資訊。
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
本新聞稿中包含的前瞻性陳述是在本新聞稿發佈之日作出的。除法律另有規定外，公司沒有任何意圖，也沒有義務更新或修改任何前瞻性陳述，無論是由於新資訊、未來事件或其他原因。
The CSE has not reviewed, approved or disapproved the contents of this news release.
CSE沒有審查、批准或不批准本新聞稿的內容。
Not for distribution to United States news wire services or for dissemination in the United States.
不得分發給美國新聞通訊社或在美國境內傳播。
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