Cassidy Gold Corp.

Published : October 31st, 2014

Cassidy Gold Corp. Closes C$6,109,400 Private Placement by Alchemists Incorporated

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Cassidy Gold Corp. Closes C$6,109,400 Private Placement by Alchemists Incorporated

/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES/

TSX-V: CDX

KAMLOOPS, BC , Oct. 31, 2014 /CNW/ - Cassidy Gold Corp. ("Cassidy" or the "Company") is pleased to announce that at it has closed a non-brokered private placement of 122,188,000 common shares issued at a per share price of C$0.05 for gross proceeds of C$6,109,400 .  Alchemists Incorporated of Kuala Lumpur, Malaysia , was the sole subscriber to the offering, which was previously announced by the Company on July 22, 2014 , August 5, 2014 and September 25 , 2014.  Shares acquired by Alchemists Incorporated under the offering are subject to a hold period until March 1, 2015 , in accordance with applicable securities legislation.

The proceeds from the private placement offering, combined with the proceeds of the convertible debenture issued by Cassidy to Alchemists Incorporated (as previously announced), will be used by Cassidy to fund the capital expenditure requirements for the development of the Kouroussa Gold Project to commencement of gold production and for general corporate purposes.  Development will include the purchase of a complete Gravity Gold Recovery Plant consisting of a 70 ton/hour milling circuit over the first 2 years, with a second grinding circuit installed in 2017, 60 ton/hour crushing circuit and 100 ton/hour alluvial plant, inclusive of Falcon concentrators, to be built on site at Kouroussa.  The Project will be developed as both an open pit and an underground operation.   

As approved by Cassidy's shareholders at the shareholder meeting held on September 25, 2014 (as previously announced by news release on September 25, 2014 ), and subsequently accepted by the TSX Venture Exchange, Alchemists Incorporated is now a control person of Cassidy, as that term is defined by the policies of the TSX Venture Exchange and applicable securities legislation.

About Cassidy Gold Corp.

Cassidy is a Canadian mineral development company focused on gold discovery in the Republic of Guinea , West Africa . Cassidy is listed on the TSX Venture Exchange under the symbol "CDX".  The Company owns a 100% interest, subject to a 15% state participation, in the Kouroussa Gold Project in the Republic of Guinea .

This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Cassidy Gold Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Cassidy Gold Corp.'s management on the date the statements are made. Except as required by law, Cassidy Gold Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES , AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES . THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

SOURCE Cassidy Gold Corp.

Read the rest of the article at finance.yahoo.com
Data and Statistics for these countries : Guinea | Malaysia | All
Gold and Silver Prices for these countries : Guinea | Malaysia | All

Cassidy Gold Corp.

EXPLORATION STAGE
CODE : CDX.V
ISIN : CA1479092043
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Cassidy Gold is a gold exploration company based in Canada.

Cassidy Gold holds various exploration projects in Guinea.

Its main exploration properties are NASSILE in Niger and KOUROUSSA in Guinea.

Cassidy Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 61.3 millions as of today (US$ 44.8 millions, € 41.1 millions).

Its stock quote reached its highest recent level on January 09, 2004 at CA$ 1.40, and its lowest recent point on March 04, 2016 at CA$ 0.01.

Cassidy Gold has 490 089 984 shares outstanding.

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In the News and Medias of Cassidy Gold Corp.
3/31/2006Corporate profile
Annual reports of Cassidy Gold Corp.
2007 Annual Report
Financings of Cassidy Gold Corp.
11/16/2009Announces Property Option and Private Placement
Project news of Cassidy Gold Corp.
6/28/2011(Kouroussa)Acquires Exploitation Permit for Kouroussa Gold Project, Gui...
7/8/2010(Nassile)Vests 51% Interest
5/12/2010(Nassile)Discovers Gold Zones
2/17/2010(Nassile)Completes Drill Program
12/22/2009(Nassile)Commences Drill Program at Nassile Gold Project, Niger
2/18/2009(Kouroussa)Initial Scoping Results for Cassidy Gold's Kouroussa Gold Pr...
7/25/2008(Kouroussa)Embarks on Scoping Study for Kouroussa Gold Project, Guinea
6/20/2008(Kouroussa)22.48 g/t Au over 15m at Sanu Filanan, Kouroussa Gold Projec...
6/13/2008(Kouroussa)16.83 g/t Au over 24m at JJ Vein, Kouroussa Gold Project, Gu...
3/19/2008(Kouroussa)Hits 42m of 4.87 g/t Au at Junction Zone, Kouroussa Gold Pro...
12/4/2007(Kouroussa)Drilling Resumes at Cassidy Gold's Kouroussa Project
11/8/2007(Kouroussa)Indicated Resources Increase 38% at Cassidy Gold's Kouroussa...
9/5/2007(Kouroussa)Hits 64.06 g/t Au over 9.0m at Sanu Filanan, Kouroussa Gold ...
8/14/2007(Kouroussa)9.97 g/t Au over 6 metres at JJ Vein, Kouroussa Gold Project...
7/31/2007(Kouroussa)Adds 400m of Strike to Junction Zone, Kouroussa Gold Project...
7/25/2007(Kouroussa)Intersects 11.51 g/t Au over 9m, Sanu Filanan Extension, Kou...
7/19/2007(Kouroussa)41.66 g/t Au over 7 metres at KD-1 Zone, Kouroussa Gold Proj...
7/17/2007(Kouroussa)Extending JJ Deposit at Kouroussa Gold Project, Guinea
7/10/2007Intersects 22.6 g/t Au over 4m at Kinkine Zone, Kouroussa Go...
Corporate news of Cassidy Gold Corp.
1/12/2016CASSIDY GOLD CORP. ADOPTS FIXED STOCK OPTION PLAN
10/31/2014Cassidy Gold Corp. Closes C$6,109,400 Private Placement by A...
9/24/2009to Conduct IP Survey at Kouroussa Gold Project, Guinea
9/23/2009Effects 1 for 3 Share Consolidation
6/2/2009Proposes Financing and 1 for 3 Share Consolidation
6/26/2007Extends Sanu Filanan Deposit, Kouroussa Gold Project, Guinea
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