May 05, 2014 14:30 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2014) -
NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
Cassius Ventures Ltd. (TSX VENTURE:CZ) (the "Company") is pleased to announce that it intends to undertake a non-brokered private placement on a best endeavours basis of 6,920,000 common shares of the Company at a price of $0.05 per common share to raise gross proceeds of up to $346,000 to be used for general working capital purposes, settlement of certain payables including management and other fees to non-arms length parties, and for costs in connection with Company's Nicaraguan gold properties.
The private placement is subject to the approval of the TSX Venture Exchange.
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.
Cassius Ventures Ltd.604 558 1107604 566 9081 (FAX)
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