Mr. Peter Smith reports
SASQUATCH RESOURCES TO CONDUCT PRIVATE PLACEMENT
Sasquatch Resources Corp. will conduct a non-brokered private placement, under which it will raise aggregate gross proceeds of up to $500,000.
The offering will consist of the issuance of: up to three million common shares of the company at a price of 10 cents per share for gross proceeds of $300,000; and up to 1.6 million flow-through common shares of the company at a price of 12.5 cents per FT share for gross proceeds of up to $200,000. The company intends to use the proceeds from the sale of the shares for general working capital and to use the proceeds from the sale of the FT shares to incur eligible Canadian exploration expenses that are flow-through mining expenditures (as such term is defined in the Income Tax Act (Canada)).
The company may pay finders' fees in connection with the offering. The shares and FT shares issued under the offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws. Insiders of the company are expected to participate in the offering.
About Sasquatch Resources Corp.
Sasquatch is a mineral exploration company primarily focused on reclamation of waste rock, both at legacy mine sites and in areas where logging roads have encountered and been constructed with significant volumes of mineralized material. In many cases, waste rock at such sites is easily accessible, occurs in significant volumes, and can contain potentially economic grades of copper, gold, silver and other valuable minerals. Removing the high-sulphide material from the waste at these sites (which includes both valuable minerals but also potentially harmful elements such as sulphur, lead and arsenic) can often be effectively done through a relatively simple ore-sorting process, and the high-sulphide material can be removed from the site and sold to an existing end processor. This process can allow the company to address environmental and other hazards while adding critical minerals and other valuable elements to the supply chain, all while minimizing the need to add new mines and/or mining infrastructure. To this end, the company has acquired and is assessing a number of project areas that have waste rock potential, including the Mount Sicker property in southern Vancouver Island, British Columbia, the Blue Grouse property, located about 30 kilometres from the Mount Sicker property on the south side of Lake Cowichan, the Santana property (the area known as the former Santana mine) on Quadra Island, British Columbia, the Alberni claim group (about 90 kilometres from Mount Sicker) and the Slesse property near Chilliwack, B.C.
We seek Safe Harbor.
© 2026 Canjex Publishing Ltd. All rights reserved.