Cassius Ventures Ltd.
TSX VENTURE : CZ

June 13, 2014 08:00 ET

Cassius Ventures Closes First Tranche of Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 13, 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 the completion of the first tranche of a non-brokered private placement announced on May 5, 2014, raising gross proceeds of $225,120 by the issuance of 4,502,400 common shares at $0.05 per common share ("Private Placement").

The Company paid no finder's fees in connection with the Private Placement. The shares issued in this private placement are subject to a hold period expiring October 14, 2014. Out of the gross proceeds raised, $162,120 will be used to settle existing debts owing to non-arms length parties due to management fees and geological consulting service fees as a shares for services settlement. The aforementioned non-arms length parties are also subscribers to the private placement. The Company will use the remaining 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.

The final closing of this non-brokered private placement is subject to the approval of the TSX Venture Exchange Inc.

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.

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