Casa Minerals Inc. Announces Closing of First Tranche of Private Placement

Executive Summary

• Casa Minerals closed the first tranche of its non‑brokered private placement, issuing 4,917,000 units at $0.125 per unit for gross proceeds of up to $614,625.
• Each unit includes one common share and one warrant; warrants are exercisable for two years with a tiered strike price ($0.15 for the first three months, then $0.20).
• Net proceeds will be used for general administration, exploration and development of projects in Arizona (USA) and British Columbia (Canada).

Key Details

• Units sold: 4,917,000 units at $0.125 per unit.
• Gross proceeds: Up to $614,625.
• Unit composition: 1 common share + 1 common share purchase warrant.
• Warrant terms:
• Exercise period: 2 years (until Feb 4, 2028).
• Strike price: $0.15 per share for the first three months; thereafter $0.20 per share.
• Holding period: All securities subject to a 4‑month + 1‑day resale restriction.
• Finder’s fee paid: $24,000 to registered financial institutions.
• Use of proceeds: General administration, exploration and development activities on Casa’s Arizona and British Columbia projects.
• Future financing: Company will seek to raise the remaining portion of the placement in the coming week.
• Regulatory condition: Closing subject to approval by the TSX Venture Exchange; securities not registered under the U.S. Securities Act of 1933.

Notable Quotes

(No direct quotes were provided in the release.)