Cassius Ventures Ltd.

April 09, 2015 17:00 ET

Cassius Completes Sale of Fortress de Nicaragua S.A.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 9, 2015) - Cassius Ventures Ltd. (the "Company") (TSX VENTURE:CZ) announces that the Company has received final acceptance from the TSX Venture Exchange to a share sale agreement (the "Agreement") entered into with an arm's length Nicaraguan party (the "Purchaser") in respect of the sale of the Company's wholly owned subsidiary, Fortress de Nicaragua S.A. ("Fortress") to the Purchaser. Shareholder approval was obtained at an Annual General and Special meeting held on April 7, 2015, and the sale of Fortress has now been completed.

The Company incurred finder's fees of US $15,000 in connection with the Agreement.

The Company has undertaken measures to reduce spending to an absolute minimum until the Company can identify a viable property of merit in conjunction with a financing to support the exploration or development of such a property. The Company will provide updates in due course.

John A. Thomas P.Eng, CEO and President

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 release.

Contact Information

  • Cassius Ventures Ltd.
    John A. Thomas, P.Eng
    CEO and President
    604 558 1107
    604 566 9081 (FAX)