Cusac Gold Mines Ltd.
TSX : CQC
OTC Bulletin Board : CUSIF

Cusac Gold Mines Ltd.

April 02, 2007 09:01 ET

Cusac Arranges $2 Million Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 2, 2007) - David H. Brett, President, Cusac Gold Mines Ltd. (the "Company") (TSX:CQC)(OTCBB:CUSIF), reports that the Company has arranged, subject to regulatory approval, a financing of up to $2 million for the Taurus Project and ongoing working capital needs. $1 million of the financing is to be by way of Flow Through common share units and $1 million of the financing is to be by way of common share units.

M Partners Inc. has been engaged as agent with respect to this offering and is to be paid a cash commission of 7% and issued 7% broker warrants to purchase common shares equal to 7% of the total common share units sold and flow through shares equal to 7% of the total flow through units sold, each at the price of the offering.

CUSAC GOLD MINES LTD.

David H. Brett, President & CEO

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Cusac Gold Mines Ltd.
    Investor Relations
    Toll Free: 1-800-670-6570 (Canada) or 1-800-665-5101 (USA)
    Email: info@cusac.com
    Website: www.cusac.com