Cassowary Capital announces that in connection with its previously announced "Qualifying Transaction", wherein it proposes to acquire Western Gold Exploration Limited, a private company formed under the laws of England and Wales, that holds minerals interests in Argyll County in western Scotland, and which mineral interests include the Knapdale property and Lagalochan properties, it continues to work diligently to advance [...]
Cassowary Capital is pleased to announce that it has entered into a binding definitive share exchange agreement dated effective July 14, 2020 with Western Gold Exploration Limited and the holders of a majority of the outstanding shares of WGE, to provide for the completion of a business combination with the Company, as more particularly described below. The Transaction was initially announced in a Company press release [...]
Cassowary Capital announces a proposed non-brokered private placement of a minimum of 5,200,000 subscription receipts and a maximum of 6,666,667 subscription receipts of the Company at a price of CAD$0.15 per Subscription Receipt for minimum gross proceeds of CAD$780,000 and maximum gross proceeds of CAD$1,000,000. The Private Placement is being completed in conjunction with the previously announced proposed "Qualifying [...]
Cassowary Capital is pleased to announce that it has entered into a binding letter of intent dated effective June 1, 2020 with Western Gold Exploration Ltd to complete a business combination, whereby BIRD has agreed, subject to certain conditions, to acquire WGE. Upon completion of the Transaction, the combined entity will continue the business of WGE and initially will be engaged in the exploration and development of [...]
Cassowary Capital announces that, further to the Corporation's news release dated November 22, 2018, it has terminated the non-binding letter of intent with Lobo Genetics Inc. and will no longer be proceeding with the proposed reverse takeover of Cassowary by Lobo. The transaction was intended to constitute Cassowary's Qualifying Transaction. No deposit or cash advance was made by Cassowary to Lobo in connection with the [...]
Cassowary Capital is pleased to announce that it has entered into a non-binding letter of intent with Lobo Genetics Inc., and together with BIRD dated November 20, 2018, pursuant to which the Parties will complete a transaction that will result in a reverse takeover of BIRD by Lobo. BIRD is a Capital Pool Company as defined in the policies of the TSXV, and intends for the Acquisition to constitute its Qualifying [...]
Cassowary Capital is pleased to announce that on September 6, 2018, it has successfully completed its initial public offering, raising gross proceeds of $400,000 pursuant to a prospectus dated July 30, 2018. An aggregate of 4,000,000 common shares in the capital of the Corporation were subscribed for at a price of $0.10 per Share. The Corporation has received conditional listing approval from the TSX Venture Exchange for [...]