| ||Mon Aug 19, 2002|
Cassidy Gold arranges $105,000 financing
| ||The Company announces that it has arranged a private placement of a total of 700,000 Units to 12 investors at a price of $0.15, to raise a total of $105,000. Each unit includes one common share and one detachable non-transferrable Share Purchase Warrant entitling the purchaser to purchase an additional share at a price of $0.20 over a term of two years. Two of the placees will receive flow-through shares and a warrant respecting the purchase of additional flow-through shares. |
Shares acquired by placees, and shares which may be acquired upon the exercise of the share purchase warrants, are subject to a hold period and may not be traded in British Columbia until December 19, 2002 except as permitted by the BC Securities Act and Regulations thereunder.
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