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Sasquatch Resources Corp. — Capital/Financing Update 2025
Mar 21, 2025
48368_rns_2025-03-21_b80b391d-7af7-4a20-aad3-8ab8950197c9.pdf
Capital/Financing Update
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FORM 51-102F3
MATERIAL CHANGE REPORT
- Name and Address of Company
Sasquatch Resources Corp.
600 – 1090 West Georgia Street
Vancouver, British Columbia V6E 3V7
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Date of Material Change
March 21, 2025 -
News Release
The news release announcing the material change was disseminated on March 21, 2025, through Newsfile. The news release was also filed with the British Columbia and Ontario Securities Commissions on SEDAR+. -
Summary of Material Change
Sasquatch Resources Corp. closed its previously announced non-brokered private placement, raising gross proceeds of $546,000.
5.1 Full Description of Material Change
Sasquatch Resources Corp. (“Sasquatch” or the “Company”) closed its previously announced non-brokered private placement (the “Financing”), raising gross proceeds of $546,000 through the issuance of 10,920,000 units (each, a “Unit”) at a price of $0.05 per Unit. Each Unit consists of one common share of the Company (each, a “Share”) and one Share purchase warrant (each, a “Warrant”), with each Warrant exercisable for one Share at an exercise price of $0.075 until March 21, 2027.
The Company intends to use the proceeds of the Financing for exploration and development of the Company’s mineral properties and for general working capital. In connection with the Financing, the Company paid aggregate finder’s fees of $600.
Directors and officers of the Company participated in the Financing, and such participation is considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). This participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of such participation does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.
5.2 Disclosure for Restructuring Transactions
N/A
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Reliance on subsection 7.1(2) of National Instrument 51-102
Not applicable. -
Omitted Information
No information has been intentionally omitted from this material change report. -
Executive Officer
Michael Raven, Corporate Secretary
604.899.6401 -
Date of Report
March 21, 2025