VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 21, 2011) - On January 20, 2011, Jason Birmingham, of Vancouver, BC, completed the acquisition of 1,000,000 common shares of Cassius Ventures Ltd. (TSX VENTURE:CZ) held in escrow, at a price of $0.05 per share for an aggregate purchase price of $50,000. These shares were acquired by Mr. Birmingham, a director of Cassius and its chief executive officer, in a private transaction. With the acquisition of these escrow shares, Mr. Birmingham owns or exercises control or direction over 1,850,000 common shares of Cassius representing 13.34% of its issued and outstanding shares. He also owns share purchase warrants for the purchase of 125,000 common shares of Cassius; if these warrants are exercised, and assuming that no further shares are issued by Cassius, Mr. Birmingham will own 14.32% of the company's issued and outstanding share capital.
The escrow shares described in this news release were acquired by Mr. Birmingham for investment purposes. He may increase or decrease his beneficial ownership of the company's securities depending on future economic or market conditions and personal circumstances.
A copy of the early warning report required to be filed with the applicable securities commissions in connection with the acquisition described in this news release will be available for viewing at www.sedar.com.
The information contained in this news release has been provided by Jason Birmingham and Cassius is not responsible for its accuracy.
On behalf of the board of directors
Cassius Ventures Ltd.
Savio Chiu, Director
Contact Information: Cassius Ventures Ltd.
Savio Chiu
Director
604 688 9588