Canasil $2,400,000 Non-brokered Private Placement Over-subscribed And Increased to $2,560,000

VANCOUVER, June 20, 2016 /CNW/ – Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) announces that the non-brokered private placement (the “Placement”) of 7,500,000 units (the “Units”) at a price of $0.32 per Unit for total gross proceeds of $2,400,000 announced on June 7, 2016, is over-subscribed. The placement has been increased to 8,000,000 Units for total gross proceeds of $2,560,000. A finder’s fee may be paid with respect to all or part of this Placement. The terms of the Placement are subject to acceptance by the TSX Venture Exchange.

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