Sasquatch Resources Upsizes Private Placement to $600,000 for BC Exploration

An announcement from Sasquatch Resources Corp. ( (TSE:SASQ) ) is now available.

Sasquatch Resources Corp. has upsized its previously announced non-brokered private placement to raise $600,000, up from $500,000, through the issuance of 6,000,000 units at $0.10 per unit, each unit comprising one common share and one-half warrant exercisable at $0.15 for two years. The financing, which may include participation from company insiders and potential finder’s fees, strengthens Sasquatch’s balance sheet as it advances exploration across its British Columbia mineral assets, potentially enhancing its ability to fund work programs and maintain momentum in a competitive junior mining market.

Spark’s Take on TSE:SASQ Stock

According to Spark, TipRanks’ AI Analyst, TSE:SASQ is a Neutral.

Sasquatch Resources Corp. is under pressure due to financial challenges, including no revenue and shrinking cash reserves. While technical indicators and corporate events suggest potential stability and growth, the lack of earnings and negative cash flow present significant risks. The absence of debt offers some flexibility, but the company needs to secure additional funds to improve its financial standing.

To see Spark’s full report on TSE:SASQ stock, click here.

More about Sasquatch Resources Corp.

Sasquatch Resources Corp. is a Canadian mineral exploration company focused on several properties in British Columbia, including the Mount Sicker Property on southern Vancouver Island, the nearby Blue Grouse Property near Lake Cowichan, the Santana Property on Quadra Island, and the Slesse Property near Chilliwack.

Average Trading Volume: 90,194

Technical Sentiment Signal: Buy

Current Market Cap: C$4.72M

For detailed information about SASQ stock, go to TipRanks’ Stock Analysis page.