Canasil Resources arranges $500,000 private placement

Executive Summary

• Canasil Resources Inc. announced a private placement of up to 10 million common shares at $0.05 per share, targeting gross proceeds of $500,000.
• No warrants will be issued; insiders and existing shareholders are expected to participate, and the company may pay a commission or finder's fee from the proceeds.
• Proceeds are earmarked to fund ongoing operations and exploration programs on its silver‑gold‑copper projects in British Columbia (Canada) and Durango & Zacatecas (Mexico), with closing anticipated before 23 January 2026.

Key Details

• Placement Size: Up to 10,000,000 common shares.
• Price per Share: $0.05 CAD.
• Total Gross Proceeds Target: $500,000 CAD.
• Warrant Coverage: None; the placement does not include warrants.
• Participation: Insiders and existing shareholders will take part in the offering.
• Commission/Finders Fee: Company may allocate a portion of proceeds to pay a commission or finder's fee.
• Use of Proceeds: Finance corporate operations and exploration programs on silver‑gold‑copper projects located in British Columbia, Canada, and Durango & Zacatecas, Mexico (as previously disclosed).
• Closing Timeline: Expected as soon as possible, but no later than 23 January 2026.

Notable Quotes

(No executive quotes were provided in the release.)