Cassius Ventures Ltd.: Early Warning Report
January 21 2011 - 12:51PM
Marketwired
On January 20, 2011, Jason Birmingham, of Vancouver, BC, completed
the acquisition of 1,000,000 common shares of Cassius Ventures Ltd.
(TSX VENTURE: CZ) held in escrow, at a price of $0.05 per share for
an aggregate purchase price of $50,000. These shares were acquired
by Mr. Birmingham, a director of Cassius and its chief executive
officer, in a private transaction. With the acquisition of these
escrow shares, Mr. Birmingham owns or exercises control or
direction over 1,850,000 common shares of Cassius representing
13.34% of its issued and outstanding shares. He also owns share
purchase warrants for the purchase of 125,000 common shares of
Cassius; if these warrants are exercised, and assuming that no
further shares are issued by Cassius, Mr. Birmingham will own
14.32% of the company's issued and outstanding share capital.
The escrow shares described in this news release were acquired
by Mr. Birmingham for investment purposes. He may increase or
decrease his beneficial ownership of the company's securities
depending on future economic or market conditions and personal
circumstances.
A copy of the early warning report required to be filed with the
applicable securities commissions in connection with the
acquisition described in this news release will be available for
viewing at www.sedar.com.
The information contained in this news release has been provided
by Jason Birmingham and Cassius is not responsible for its
accuracy.
On behalf of the board of directors
Cassius Ventures Ltd.
Savio Chiu, Director
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 of the adequacy or
accuracy of this release.
Contacts: Cassius Ventures Ltd. Savio Chiu Director 604 688
9588