Cassidy Gold Corp. : Issues Shares in Settlement of Debt

Tue Oct 22, 2013
Cassidy Gold Corp. Issues Shares in Settlement of Debt

Cassidy Gold Corp. ("Cassidy") announces (further to its news release of October 8, 2013) that it has issued 2,268,006 common shares at a deemed per share price of $0.05 to Alchemy Securities Pty Ltd., a wholly-owned subsidiary of RFC Ambrian Group Limited of Perth, Western Australia, in satisfaction of C$113,400.32 in corporate advisory services fees covering the period July 1, 2013 to September 30, 2013, pursuant to the terms of the previously announced corporate advisory services agreement. The shares issued to RFC Ambrian Limited are subject to a hold period until February 23, 2014, in accordance with applicable securities legislation.

About Cassidy

Cassidy Gold Corp. is a gold exploration and development company listed on the TSX Venture Exchange (symbol CDX). Cassidy's principal asset is its 100% owned interest, subject to a 15% state participation, in the Kouroussa Gold Exploitation License in Guinea, West Africa. Cassidy's mission is to fast-track the development of the Kouroussa project.

For additional information, please contact:

James T. Gillis, President
Telephone: [phone]

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Cassidy Gold Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Cassidy Gold Corp.'s management on the date the statements are made. Except as required by law, Cassidy Gold Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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 for the adequacy or accuracy of this news release.