VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 14, 2012) -
NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
Cassius Ventures Ltd. (TSX VENTURE:CZ) (the "Company") is pleased to announce that it intends to undertake a non-brokered private placement of 5,000,000 common shares of the Company at a price of $0.14 per common share to raise gross proceeds of $700,000 to be used for continued exploration of the Company's Nicaraguan gold properties as well as for general working capital purposes. Finder's fees will be payable in connection with the private placement.
The private placement is subject to the approval of the TSX Venture Exchange.
On behalf of the Board of Directors
John A. Thomas P.Eng, CEO and President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
604 558 1107
604 566 9081 (FAX)