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Sassy Closes Final Tranche of $3.6 Million Private Placement

July 14, 2022 at 07:55 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

VANCOUVER, BC / ACCESSWIRE / July 14, 2022 / Sassy Resources Corporation ("Sassy" or the "Company") (CSE:SASY)(FSE:4E7)(OTCQB:SSYRF) is pleased to announce that it has closed the second and final tranche of its over-subscribed non-brokered private placement (the "Private Placement"), raising additional gross proceeds of $404,750 through the issuance of 2,075,641 common shares (no warrants attached, refer to July 4, 2022, and July 11, 2022, news releases) at 19.5 cents per share. The total gross proceeds raised in both tranches is $3,634,910.

Mr. Mark Scott, Sassy CEO, commented: "This strategic hard dollar placement has brought several very motivated key new investors into Sassy as we prepare to take the Westmore high-grade gold discovery to a new level and rebrand the Company as ‘Sassy Gold' during the second half of July."

Sassy paid total finder's fees of $19,792.50 and 101,500 finder's warrants ("Finder's Warrants") for the second tranche to PI Financial Corp. The Finder's Warrants are non-transferable and exercisable at a price of $0.195 per warrant for 12 months from the date of issuance.

All securities issued are subject to a four-month hold period pursuant to securities laws in Canada, which expires on November 14, 2022.

The Company intends to use the proceeds from the Private Placement for upcoming drilling and exploration at its 100%-owned Foremore Project in Northwest B.C.'s Eskay Camp, where the focus will be on advancing the high-grade Westmore gold discovery, and for general corporate purposes.

About Sassy Resources Corporation

Sassy is an exploration stage resource company currently engaged in the identification, acquisition and exploration of high-grade precious metal and base metal projects in North America. Its focus is the Foremore Project located in the Eskay Camp, Liard Mining Division, in the heart of Northwest B.C.'s prolific Golden Triangle. Sassy is also earning up to a 100% interest in the Highrock Uranium Project in the Key Lake region of Saskatchewan. Sassy also holds significant equity positions in Gander Gold Corp., Galloper Gold Corp., and MAX Power Mining Corp.

Contact Information:

Mark Scott
Chief Executive Officer & Director
info@sassyresources.ca

Terry Bramhall
Corporate Communications/IR
1.604.833.6999 (mobile)
1.604.675.9985 (office)
terry.bramhall@sassyresources.ca

Michael Adams
Managing Director - Star Finance GmbH
info@star-finance.eu

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Sassy Resources Corporation

View source version on accesswire.com:
https://www.accesswire.com/708486/Sassy-Closes-Final-Tranche-of-36-Million-Private-Placement