Casa Minerals Inc Announces Closing of Oversubscribed Private Placement, and Retains European Marketing Firm for Investor Awareness Services

Executive Summary

• Casa Minerals closed the final tranche of its non‑brokered private placement, issuing 2,635,000 units at $0.125 per unit for gross proceeds of up to $329,375 (bringing total financing to $944,000).
• Each unit includes one common share and one warrant; warrants are exercisable at $0.15/share for the first three months, then $0.20/share for the remainder of a two‑year term.
• The company also entered into a two‑month digital marketing agreement with BorsenBlick at CAD 80,500 per month to boost investor awareness and brand visibility.

Key Details

• Units sold in final tranche: 2,635,000 units @ $0.125/unit → gross proceeds $329,375.
• Total financing commitment: 7,552,000 units → gross proceeds $944,000 once all tranches are completed.
• Unit composition: 1 common share + 1 common share purchase warrant per unit.
• Warrant terms:
• Exercise price $0.15/share for the first three months after issuance.
• Automatically adjusts to $0.20/share thereafter for the remaining two‑year period.
• Holding period: All securities subject to a 4‑month + 1‑day resale restriction.
• Finder’s fees paid: $18,450 to registered financial institutions for this tranche.
• Use of proceeds: General administration, exploration and development activities on projects in Arizona (USA) and British Columbia (Canada).
• Closing conditions: Subject to approval by the TSX Venture Exchange; securities not registered under U.S. securities laws.
• Digital marketing agreement (BorsenBlick Agreement):
• Services: digital marketing, investor outreach, brand visibility, public‑profile enhancement.
• Duration: 2 months, CAD 80,500 per month.
• Extension/renewal at Casa’s discretion after initial period.
• Contact information: Farshad Shirvani, President & CEO – Phone (604) 678‑9587; Email [email protected].

Notable Quotes

(No direct quotes were provided in the release.)