Casa Minerals Announces Private Placement

Casa Minerals Inc. (TSXV: CASA) (OTC Pink: CASXF) has announced a non-brokered private placement offering of up to 10,909,091 flow-through units at $0.055 per unit, aiming to raise gross proceeds of up to $600,000.

Rhea-AI Summary

Casa Minerals Inc. (TSXV: CASA) (OTC Pink: CASXF) has announced a non-brokered private placement offering of up to 10,909,091 flow-through units at $0.055 per unit, aiming to raise gross proceeds of up to $600,000.

Each flow-through unit includes one common share and one-half common share purchase warrant. Each full warrant allows the holder to acquire one Common Share at $0.075 within two years from the Closing Date. The proceeds will fund exploration and development of the company's projects in BC, Canada.

The offering includes a 4-month hold period on all securities and a 5% Finder's Fee payable in cash or shares to eligible finders. Finders will also receive warrants to purchase up to 5% of shares at $0.075, valid for 24 months. The private placement requires TSX Venture Exchange approval.

Positive

• Secured potential funding of $600,000 for exploration activities
• Warrant exercise price ($0.075) represents 36% premium to unit price ($0.055)

Negative

• Dilutive effect on existing shareholders through issuance of up to 10,909,091 new shares
• Additional dilution possible through warrant exercises and finder's fees
• Offering price of $0.055 may indicate weak market conditions

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Vancouver, British Columbia--(Newsfile Corp. - March 13, 2025) - Casa Minerals Inc. (TSXV: CASA) (OTC Pink: CASXF) (FSE: 0CM) (the "Company" or "Casa"), is pleased to announce a non-brokered private placement (the "Offering") of up to 10,909,091 flow-through units at a price of $0.055 per flow-through unit for gross proceeds of up to $600,000.

Each flow-through unit will consist of one common share in the capital of the Company (each, a "Flow-through Share") and one-half common share purchase warrant (each full warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one Common Share for a period of two years from the Closing Date at a price of $0.075.

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 hold period from the date of issuance, during which any resale or other transfer will be restricted in accordance with applicable securities laws.

A Finder's Fee of 5% in cash or Shares is payable to eligible finders on all or a portion of the Offering. The "Finder" will also receive "Finder's warrants" (the Finders Warrants) entitling it to purchase up to 5% of the shares issued to the purchaser introduced by the Finder under the Offering 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/244470

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the size of Casa Minerals' (CASXF) latest private placement offering?

Casa Minerals is offering up to 10,909,091 flow-through units at $0.055 per unit, targeting gross proceeds of up to $600,000.

What are the warrant terms in Casa Minerals' (CASXF) March 2025 private placement?

Each warrant allows holders to purchase one Common Share at $0.075 for two years from the Closing Date.

How will Casa Minerals (CASXF) use the proceeds from the private placement?

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

What are the finder's fees for Casa Minerals' (CASXF) private placement?

Eligible finders can receive a 5% fee in cash or shares, plus finder's warrants to purchase up to 5% of introduced shares at $0.075 for 24 months.