Casa Minerals Announces Closing of Oversubscribed Private Placement
Summary
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 Companys 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 Finders fees of $11,040 in cash will be paid and 200,727 Finders 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.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 DirectorsFarshad Shirvani, M.Sc. GeologyPresident and CEONEITHER 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