Deep Sea Minerals Corp. Announces Closing of Oversubscribed $4.22 Million Private Placement

Executive Summary

• Deep Sea Minerals Corp. closed its previously announced non‑brokered private placement, issuing 10,550,425 common shares at $0.40 per share for gross proceeds of $4,220,170.
• The company paid finder’s fees totaling $95,620 in cash and issued 239,050 common share purchase warrants (exercise price $0.40, 24‑month term).
• Net proceeds will be used to achieve business objectives outlined in the CSE Form 2A Listing Statement, repay existing loan debt, fund marketing activities, and support general working capital.

Key Details

• Shares Issued: 10,550,425 common shares
• Price per Share: $0.40
• Gross Proceeds: $4,220,170
• Finder’s Fees Paid: $95,620 cash + 239,050 warrants (exercise price $0.40)
• Warrant Terms: Each warrant exercisable for one share at $0.40 for 24 months from issuance.
• Statutory Hold Period: Four months plus one day, ending June 7 2026.
• Use of Proceeds:
• Completion of business objectives and milestones per CSE Form 2A Listing Statement (Jan 19 2026)
• Repayment of the loan referenced in the Listing Statement
• Marketing activities
• General working capital
• CEO Quote: James Deckelman highlighted that the placement was “significantly oversubscribed,” reflecting strong sector momentum and validating Deep Sea’s positioning in critical minerals.

Notable Quotes

“We are extremely pleased with the results of the initial private placement. The offering was significantly oversubscribed, validating the potential of the critical minerals sector and how we have positioned Deep Sea Minerals Corp. in this space.” – James Deckelman, Chief Executive Officer