Canasil Increases Non-Brokered Private Placement to $650,000 To Include $150,000 Flow-Through Funding for B.C. Projects

Vancouver, October 22 2021 – Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) announces an increase to the non-brokered private placement (the “Placement”) announced on October 19, 2021, from $500,000 to $650,000. In addition to the 4,000,000 units (the Units”) at a price of $0.125 per Unit for a total of $500,000, the placement will include up to 1,000,000 flow-through shares at $0.15 per flow-through share for a total of $150,000. The $500,000 portion will be used to fund drill programs on the Company’s silver-gold projects in Durango and Zacatecas States, Mexico, and the $150,000 flow-through portion will be used to fund exploration programs on the Company’s copper-gold projects in British Columbia, Canada. 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.

Leave a Reply