Casa Minerals Inc. Reprices Warrants, Extends Expiry Date, and Proposes Exercise Incentive Program
Vancouver, British Columbia--(Newsfile Corp. - May 10, 2023) - Casa Minerals Inc. (TSXV: CASA) (OTC Pink: CASXF) (FSE: 0CM) (the "Company" or "Casa") is pleased to announce its intentions to update an aggregate of 21,014,200 common share purchase warrants ("Warrants") issued to its May 20, 2021 private placement. The Company's intentions are to extend the expiry date, reprice the Warrants and intends to issue incentive Warrants for exercised Warrants.
The Warrants have an exercise price of
May 20, 2023 will expire on August 18, 2023,
June 24, 2023 will expire on September 20, 2023
July 08, 2023 will expire on October 06, 2023.
The Warrants will be deemed to be amended to adjust their exercise price to
The amendment of the Warrants is subject to approval of the TSX Venture Exchange.
The Company also announces that once it obtains Warrant Amendment approval, it will institute a warrant exercise incentive program (the "Incentive Program") designed to encourage the exercise of the 21,014,200 Amended Warrants. Under the Incentive Program, the Company will offer an inducement to each Warrant holder that exercises its Amended Warrants by the above stated expiry dates, by the issuance of one additional Common Share purchase warrant (an "Incentive Warrant") for each Warrant exercised. Each Incentive Warrant will entitle the holder to purchase one additional Common Share of the Company at a price of
The Incentive Program will commence upon receipt of Warrant Amendment Approval.
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 (
On Behalf of the 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.
Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
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