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Canasil Non-Brokered Private Placement
Published : November 20, 2012
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Keywords :   Canada | Copper | G Mexico | Gold | Lead | Mexico | Silver | Zinc |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 20, 2012) - Canasil Resources Inc. (TSX VENTURE:CLZ)(FRANKFURT:3CC) ("Canasil") announces a non-brokered private placement of up to 5,000,000 units at an exercise price of $0.20 per unit for total proceeds of up to $1,000,000. A commission or 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 ("the Exchange").

Each unit will consist of one common share of the Company and one-half of one share purchase warrant (a "Warrant"); each full Warrant will entitle the holder to purchase one common share of the Company at a price of $0.30 within one year of closing. If the closing price of the Company's shares equals or exceeds $0.55 per share for a period of ten consecutive trading days following the closing of the private placement, the Company will have the right to accelerate the expiry date of the Warrants by giving the Warrant-holders at least 30 days' written notice.

The proceeds of the private placement will be used for continuing exploration programs on the Company's mineral exploration projects and for working capital.

About Canasil:

Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-copper-lead-zinc projects in Durango, Sinaloa and Zacatecas States, Mexico, and in British Columbia, Canada. The Company's directors and management include industry professionals with a track record of identifying and advancing successful mineral exploration projects through to discovery and further development. The Company is actively engaged in the exploration of its mineral properties, and maintains an operating subsidiary in Durango, Mexico, with full time geological and support staff for its operations in Mexico.

Neither 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.

Canasil Resources Inc.
Bahman Yamini
President and C.E.O.
(604) 709-0109
admin@canasil.com
www.canasil.com
Companies Mentionned : Durango | Total |
Data and Statistics for these countries : Canada | Mexico | All
Gold and Silver Prices for these countries : Canada | Mexico | All

Canasil Resources Inc

DEVELOPMENT STAGE
CODE : CLZ.V
ISIN : CA13723D1006
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Canasil Res. is an exploration gold and silver company based in Canada.

Canasil Res. develops gold, silver, lead and zinc in Mexico, and holds various exploration projects in Canada and in Mexico.

Its main asset in development is MEZQUITAL in Mexico and its main exploration properties are BRENDA, GRANITE and LIL in Canada and SANDRA, LA ESPERANZA, COLIBRI DURANGO and CARINA in Mexico.

Canasil Res. is listed in Canada. Its market capitalisation is CA$ 20.8 millions as of today (US$ 16.1 millions, € 14.1 millions).

Its stock quote reached its highest recent level on May 11, 2007 at CA$ 0.85, and its lowest recent point on January 02, 2009 at CA$ 0.02.

Canasil Res. has 86 660 000 shares outstanding.

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Annual reports of Canasil Resources Inc
Annual Report 2007
Financings of Canasil Resources Inc
1/14/2013Closes $1,060,750 Non-brokered Private Placement
1/14/2013Closes $1,060,750 Non-brokered Private Placement
11/20/2012Non-Brokered Private Placement
12/21/2010Closes $1,280,100 Non-brokered Private Placement
12/15/2010$1,200,000 Non-brokered Private Placement Oversubscribed
12/2/2010$1,200,000 Non-brokered Private Placement
10/19/2010Receives $453,750 from Exercise of Warrants
9/24/2010Closes $573,000 Non-brokered Private Placement
9/14/2010$450,000 Non-brokered Private Placement
9/1/2010Closes $150,000 Private Placement by MAG Silver Corp.
5/13/2010Non-brokered Private Placement Oversubscribed Grant of Incen...
8/11/2008Closes $200,000 Non-brokered Private Placement
6/20/2008$200,000 Non-brokered Private Placement
3/21/2007Closes Non-brokered Private Placement of $1,600,000
2/23/2007Non-brokered Private Placement Increased to $1,600,000
12/6/2006$375,000 Non-brokered Private Placement
Option Grants of Canasil Resources Inc
7/14/2008Grant of Incentive Stock Options
Project news of Canasil Resources Inc
10/23/2013(Brenda)Receives Assays for 962 Metre Drill Program at the Brenda Go...
2/28/2013(Sandra)Receives Drill Permits for Sandra-Escobar and Salamandra Pro...
10/29/2012(La Esperanza)MAG Silver Confirms Start of Phase 2 Drill Program on Canasi...
10/22/2012(La Esperanza)Reviews La Esperanza and Other Mexico Projects on Korelin Ec...
10/4/2012(La Esperanza)MAG Silver Mobilizes to Start Phase 2 Drill Program on Canas...
3/22/2011(Sandra)to Start Initial Diamond Drill Program on Sandra-Escobar Sil...
2/10/2011Starts 1,700 Line-Km ZTEM Airborne Geophysical Surveys On Th...
1/5/2011Meets 2010 Objectives, Plans Active 2011 Silver/Gold Explora...
11/19/2010(Carina)Pan American Silver Options Canasil’s Carina Silver Project ...
11/1/2010(La Esperanza)MAG Silver Completes ZTEM / Magnetic Aerial Survey on Canasi...
8/19/2010(La Esperanza)and MAG Silver Sign Option and Joint Venture Agreement on La...
7/28/2010(La Esperanza)Defines New High-Grade Silver Veins at La Esperanza Project ...
5/4/2010(Sandra)Defines Gold-Silver Drill Targets at Sandra-Escobar Project ...
3/17/2010(La Esperanza)Mexico Gold-Silver Projects Exploration Update
3/21/2007Drilling Intersects 3.49% Copper, 98 g/t Silver and 1.96% Zi...
11/7/2006(La Esperanza)Phase 1 Drilling Outlines High Grade Mineralized Panel at La...
9/22/2006(La Esperanza)Intersects 13.10 Metres with 396 g/t Silver, 0.71% Zinc and ...
Corporate news of Canasil Resources Inc
1/25/2016Orex Minerals Reports 359 g/t Silver over 61 Metres from Sur...
12/22/2015Canasil Grant of Stock Options
12/17/2015MAG Silver Reports New Gold and Additional Zinc Mineralizati...
12/10/2015Orex Minerals Starts Phase-1 Drill Program at Canasil's Sand...
12/10/2015Drilling initiated at the Sandra Escobar Silver Project in D...
11/24/2015Orex Minerals Awards an Initial 2,000-Metre Drilling Contrac...
11/9/2015Orex Minerals Confirms Silver Mineralization and Prepares fo...
11/9/2015Orex Confirms Silver Mineralization on the Sandra Escobar Si...
9/16/2015Orex Minerals Options Canasil's Sandra-Escobar Silver-Gold P...
9/16/2015Canasil Director Gary Nordin resigns and will act as Advisor...
9/15/2015Orex Options the Sandra Escobar Silver-Gold Project in Duran...
9/9/2015Canasil Resources Inc. change of address notice:
8/10/2015Canasil Closes 600,000 Unit Second Tranche and Applies for F...
7/29/2015Canasil Closes 600,000 Shares First Tranche of Non-Brokered ...
7/27/2015Canasil Announces Non-Brokered Private Placement
7/16/2015Canasil Closes 2,400,000 Units First Tranche of Non-brokered...
7/10/2015Canasil Plans Non-brokered Private Placement of up to 6 mill...
7/6/2015MAG Silver Mobilizes Drill to Start Phase 3 Drill Program at...
6/2/2015MAG Silver Makes $200,000 Option Payment and Plans Phase 3 D...
4/16/2015Canasil Provides Update on Mexico Silver Exploration Project...
3/12/2015MAG Silver Plans Phase 3 Drill Program at Canasil's Salamand...
12/17/20141,872,000 Warrants Exercised at $0.08 for Gross Proceeds of ...
11/5/2014Reduction of Exercise Price of Warrants Expiring December 6 ...
7/21/2014MAG Silver Reports Additional Silver-Copper and Pervasive Zi...
5/27/2014MAG Silver Completes Phase 2 Drill Program and First Anniver...
5/28/2013and MAG Sign Binding Letter Agreement for MAG to Earn Up to ...
1/23/2013(La Esperanza)MAG Silver Reports Phase 2 Drill Results from La Esperanza S...
11/14/2012Provides Update on Corporate Objectives and Projects
11/5/2012Identifies Potential for Large Scale Silver, Zinc, Copper Mi...
10/17/2012Adopts Shareholder Rights Plan Agreement
2/24/2011featured in Growth Stocks Weekly Newsletter
11/9/2010Acquires 60,000 Hectare Claim in Southeastern Durango State,...
10/13/2010will be exhibiting at The 2010 SILVER SUMMIT, Spokane, Washi...
5/19/2010Resource Opportunities May 2010-1 Canasil Update
1/5/2010Expands Mexico Gold-Silver Projects Claim Areas
1/27/2009will be exhibiting at The Mineral Exploration Roundup 2009
9/12/2008Extension of Warrant Term
8/18/2008Signs Agreement with Pan American Silver to Explore Pan Amer...
7/3/2008Resource Opportunities CANASIL Update June 26, 2008
6/12/2008Adds 3 New Projects to Mexican Project Portfolio
6/4/2008closes $125,000 Placement from Blackcomb Minerals
5/21/2008Completes Drilling and Receives Initial Results from Mineral...
3/25/2008 Options Salamandra and Victoria Projects in Durango State, ...
3/3/2008Extension of Warrant Term
5/16/2007Retains Pro-Edge Consultants to Provide Investor Relations
3/3/2007 Update
12/21/2006Gary Nordin and Bahman Yamini Interview With The Korelin Eco...
3/2/2006Signs Letter of Intent to Acquire the Salamandra Silver Zinc...
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