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 fund listed business objectives, repay a loan, support marketing activities, and provide general working capital.

Key Details

• Shares Issued: 10,550,425 common shares at $0.40 per share.
• Gross Proceeds: $4,220,170.
• Finder’s Fees Paid: $95,620 cash plus 239,050 Finder’s Warrants (each exercisable for one share at $0.40).
• Warrant Terms: 24‑month exercise period from issuance date; exercise price $0.40 per share.
• Statutory Hold Period: All securities subject to a four‑month plus one day hold, ending June 7 2026.
• Use of Proceeds:
• Completion of business objectives and milestones outlined in the CSE Form 2A Listing Statement (dated Jan 19 2026).
• Repayment of the loan referenced in the Listing Statement.
• Marketing activities.
• General working capital.
• CEO Quote: “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…” – James Deckelman, CEO.

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 A. Deckelman, Chief Executive Officer.