VANCOUVER, BC / ACCESSWIRE / June 3, 2021 / Sassy Resources Corporation ("Sassy" or the "Company") (CSE:SASY)(OTCQB:SSYRF)(FSE:4E7) is pleased to announce that, further to its news release of May 28, 2021, it has closed a non-brokered private placement (the "Private Placement") in its subsidiary, Gander Gold Corporation ("Gander Gold"), including an additional strategic investment by Mr. Eric Sprott in the amount of $1,600,000 which brings Mr. Sprott's ownership position in Gander Gold (on conversion of special warrants) to 17.35%.
The Private Placement of 11,000,000 convertible special warrants, issued at a price of $0.20 per special warrant, generated net proceeds of $2,200,000. The special warrants will be converted into common shares of Gander Gold at a date to be determined by the board of directors of Gander Gold, but no later than two weeks after Gander Gold becomes a reporting issuer.
To date, Gander Gold has raised $5,001,208 through the issuance of convertible special warrants and common shares with no finder's fees.
Sassy CEO Mark Scott at Newfoundland.Gold Virtual Investor Days
Sassy reminds investors that Sassy President and CEO Mark Scott will be part of a panel discussion today, Thursday, June 3, 2021 at 10:00AM PST (1:00PM EST) as part of the Virtual Investor Days event hosted by the Newfoundland.Gold alliance. For more information and to register for today's event, please visit Newfoundland.Gold.
You can access the full NR here: https://bit.ly/2TG5ZQ7