Cassius Ventures Ltd.
TSX VENTURE : CZ

June 28, 2012 18:31 ET

Cassius Ventures Announces Closing of Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 28, 2012) - Cassius Ventures Ltd. (TSX VENTURE:CZ) (the "Company") is pleased to announce the completion of a non-brokered private placement raising gross proceeds of $970,000 by the issuance of 9,700,000 common shares at $0.10 per common share.

The Company paid no finder's fees in connection with the offering. The shares issued in this private placement are subject to a hold period expiring October 29, 2012. The Company will use the proceeds from the sale of the common shares for its continued development of the Nicaraguan Gold properties as well as for general working capital purposes.

CASSIUS VENTURES LTD. (www.cassiusventures.com)

On behalf of the Board of Directors

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)
    www.cassiusventures.com