Compass Gold Announces $3.0 Million Private Placement

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TORONTO, April 21, 2022 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (“Compass” or the “Company”) is pleased to announce that it intends to issue, on a non-brokered private placement basis, up to 20,000,000 units of the Company ("Units"), at a price of $0.15 per Unit, for aggregate gross proceeds of up to $3.0 million (the "Offering"). Each Unit will consist of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"), with each Warrant entitling the holder thereof to purchase one additional Common Share at a price of $0.30 for a period of three years from the date of issuance (subject to the acceleration of the expiry date of the Warrants as described below).

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