Cassius Ventures Ltd.

January 10, 2011 18:49 ET

Cassius Ventures Closes Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 10, 2011) - Cassius Ventures Ltd. (the "Company") (TSX VENTURE:CZ) has closed the private placement of units as announced on November 19, 2010.

The Company has received a total of $300,000 for 4,000,000 units at a price of 7.5 cents per unit. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of 10 cents per share for two years expiring January 10, 2013. The securities issued in this placement are subject to a hold period expiring May 11, 2011.

On behalf of the Board of Directors

Cassius Ventures Ltd.

"Jason Birmingham"

Jason Birmingham, CEO, Director

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 of the adequacy or accuracy of this release.

Contact Information

  • Cassius Ventures Ltd.
    Jason Birmingham
    CEO, Director
    (604) 688-9588