Casa Minerals Inc. Announces Non-Brokered Private Placement Raising $800,000
Casa Minerals (OTCQB: CASXF) announced a non-brokered private placement to raise aggregate gross proceeds of $800,000.
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Rhea-AI Summary
Casa Minerals (OTCQB: CASXF) announced a non-brokered private placement to raise aggregate gross proceeds of $800,000.
The Company may issue up to 6,400,000 units at $0.125 per unit, each unit comprising one common share and one two-year warrant. Warrants exercise at $0.15 for the first three months, then $0.20 thereafter. A 6% Finder's Fee (cash or shares) is payable to eligible finders.
Net proceeds will be used for general and administrative expenses and property investigations in Arizona and British Columbia. Securities will be subject to a four-month-and-one-day statutory hold and TSX Venture final acceptance.
Positive
- $800,000 gross proceeds targeted from the offering
- Up to 6,400,000 units available at $0.125 per unit
- Proceeds earmarked for G&A and property investigations
Negative
- Potential share dilution from up to 6,400,000 new shares
- Warrants add future dilution with strike progression to $0.20
- 6% Finder's Fee paid in cash or shares reduces net proceeds
- Close is conditional on TSXV final acceptance
Details
News Market Reaction – CASXF
The recorded move for CASXF in the trading session of this news was -20.36%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2026) - Casa Minerals Inc. (TSXV: CASA) (OTCQB: CASXF) (FSE: 0CM) (the "Company" or "Casa") is pleased to announce a non-brokered private placement financing (the "Offering") for aggregate gross proceeds of
Under the terms of the Offering, the Company may issue up to 6,400,000 units (each, a "Unit") at a price of
A Finder's Fee of
The net proceeds from the Offering will be used primarily for general and administrative expenses and for property investigations on the Company's projects in Arizona and British Columbia.
The securities issued pursuant to the Offering will be subject to a statutory hold period of four (4) months and one day from the date of closing in accordance with applicable securities laws. The Offering is subject to receipt of all necessary approvals, including final acceptance by the TSX Venture Exchange.
About Casa Minerals Inc.
Casa Minerals Inc. is a company engaged in gold exploration in two prominent regions: Arizona and British Columbia, Canada. The company is involved in gold exploration on the Congress Gold Mine, a past producing mine located in Arizona. The company is also active in copper-gold exploration in British Columbia, Canada. Casa Minerals' management team has a track record of numerous discoveries in the exploration sector. The Company is committed to creating shareholder value through the discovery and development of economic mineral deposits.
About Casa Minerals Inc.
Casa Minerals Inc. is a company engaged in gold, and copper exploration in two prominent regions: Arizona and British Columbia, Canada. The company is involved in gold exploration on the Congress Gold Mine, a past-producing mine located in Arizona. The company is also active in copper-gold exploration in British Columbia, Canada. Casa Minerals' management team has a track record of numerous discoveries in the exploration sector. The Company is committed to creating shareholder value through the discovery and development of economic mineral deposits.
For more information, please visit the company's website at https://www.casaminerals.com/.
On Behalf of the Board of Directors
Farshad Shirvani, M.Sc. Geology
President, CEO and Director
For more information, please contact:
Casa Minerals Inc.
Farshad Shirvani, President & CEO
Phone: (604) 678-9587
Email: farshad@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/280377
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