VANCOUVER, BC, July 17, 2020 /CNW/ – Canasil Resources Inc. (TSX-V: CLZ), (DB Frankfurt: 3CC), (“Canasil” or the “Company”) announces a non-brokered private placement (the “Placement”) of up to 5,000,000 units (the Units”) at a price of $0.20 per Unit for total gross proceeds of up to $1,000,000 to fund drill programs on the Company’s silver-gold projects in Mexico. 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.