Canasil Closes $488,000 First Tranche of Non-brokered Private Placement

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1947-tsx-venture/clz/21393-canasil-closes-488-000-first-tranche-of-non-brokered-private-placement.html

VANCOUVER, June 22, 2016 /CNW/ – Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) announces closing on June 21, 2016, of the first tranche of 1,525,000 units for proceeds of $488,000 in the non-brokered private placement (the “Placement”) of total 8,000,000 units (the “Units”) at a price of $0.32 per Unit, previously announced on 7th and 20th June 2016. There was no finder’s fee paid with respect to this tranche of the Placement. The TSX Venture Exchange has accepted for filing documentation with respect to this tranche of the Placement and all shares issued are subject to resale restrictions for a period of four months plus one day from the closing date to October 22, 2016.

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