Casa Minerals Announces Closing of Oversubscribed Private Placement

Rhea-AI Summary

Casa Minerals Inc. (TSXV: CASA) (OTC Pink: CASXF) has successfully closed an oversubscribed non-brokered private placement. The company completed a second and final tranche of 8,875,908 Flow-through Units at $0.055 per unit, generating gross proceeds of $488,175.

Each Flow-through Unit includes one common share and one-half common share purchase warrant, with 4,437,954 Warrants exercisable at $0.075 until April 16, 2027. The total private placement, combining both tranches, raised $738,174.97 through 13,421,363 FT Units.

The proceeds will fund exploration and development of Casa's projects in BC, Canada. The securities have a 4-month hold period, with finder's fees of $11,040 and 200,727 Finder's Warrants being issued. The private placement awaits TSX Venture Exchange approval.

Positive

• Successful completion of oversubscribed private placement raising $738,174.97
• Additional capital secured for exploration and development activities
• Long-term warrant exercise period until 2027 provides future funding potential

Negative

• Dilution of existing shareholders through issuance of 13,421,363 new units
• Additional dilution possible if warrants are exercised
• Private placement still subject to exchange approval

Vancouver, British Columbia--(Newsfile Corp. - April 16, 2025) - Casa Minerals Inc. (TSXV: CASA) (OTC Pink: CASXF) (FSE: 0CM) (the "Company" or "Casa"), is pleased to announce the closing of the oversubscribed non-brokered private placement (the "Offering"). The Company has closed a second and final tranche of 8,875,908 Flow-through Units ("FT Units") at a price of $0.055 per Flow-through Unit for gross proceeds of $488,175.

Each FT Units consist of one common share and one-half common share purchase warrant (each full warrant, a "Warrant"). Each of the 4,437,954 Warrants of this final tranche will be exercisable at a price of $0.075 until April 16, 2027.

Between the first and the final tranche of this private placement, Casa has closed a total of 13,421,363 FT Units at a price of $0.055 per FT Unit for total gross proceeds of $738,174.97.

Net proceeds from the Offering will be used for exploration and development activities on the Company's projects BC, Canada.

All Flow-through Shares and Warrants comprising the Flow-through Units, will be subject to a 4-month and one day hold period, during which any resale or other transfer will be restricted in accordance with applicable securities laws.

In this second tranche Finder's fees of $11,040 in cash will be paid and 200,727 Finder's Warrants will be issued which are exercisable at the issue price of $0.075 for a period of 24 months from the closing date.

The completion of the private placement remains subject to approval of the TSX Venture Exchange.

None of the securities issued in the Offering will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.

About Casa Minerals Inc.

The Company is engaged in the acquisition, exploration and development of mineral properties located in Canada and the USA. Casa owns ninety percent (90%) interest in the Congress gold mine (Arizona, USA). Additionally, the Company owns a one hundred percent (100%) interest in the polymetallic Pitman (BC, Canada) and has an option to acquire a seventy-five percent (75%) interest in the Arsenault VMS Property (BC, Canada).

On Behalf of Board of Directors
Farshad Shirvani, M.Sc. Geology
President and CEO

For more information, please contact:
Casa Minerals Inc.
Farshad Shirvani, President & CEO
Phone: (604) 678-9587
Email: contact@casaminerals.com
https://www.casaminerals.com

NEITHER 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 RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248825

FAQ

How much did Casa Minerals (CASXF) raise in their latest private placement?

Casa Minerals raised total gross proceeds of $738,174.97 through both tranches of their oversubscribed private placement, with $488,175 coming from the final tranche.

What is the exercise price and expiry date for CASXF's new warrants?

The warrants are exercisable at $0.075 per share until April 16, 2027.

How will Casa Minerals use the proceeds from their 2025 private placement?

The net proceeds will be used for exploration and development activities on the Company's projects in BC, Canada.

What are the terms of the Flow-through Units in CASXF's private placement?

Each Flow-through Unit was priced at $0.055 and consists of one common share and one-half common share purchase warrant.