Casa Minerals Announces Private Placement

Core Viewpoint - Casa Minerals Inc. is initiating a non-brokered private placement to raise up to $600,000 through the issuance of flow-through units priced at $0.055 each [1][2]. Group 1: Offering Details - The private placement will consist of up to 10,909,091 flow-through units, each unit comprising one common share and one-half common share purchase warrant [1][2]. - Each full warrant will allow the holder to purchase one common share at a price of $0.075 for two years from the closing date [2]. - The net proceeds from the offering will be allocated for exploration and development activities on the company's projects in British Columbia, Canada [2]. Group 2: Regulatory and Financial Aspects - All flow-through shares and warrants will be subject to a 4-month hold period from the issuance date, restricting resale or transfer in accordance with applicable securities laws [3]. - A Finder's Fee of 5% in cash or shares will be payable to eligible finders, who will also receive warrants to purchase up to 5% of the shares issued to purchasers they introduce [4]. - The completion of the private placement is contingent upon approval from the TSX Venture Exchange [4]. Group 3: Company Overview - Casa Minerals Inc. is focused on the acquisition, exploration, and development of mineral properties in Canada and the USA [6]. - The company holds a 90% interest in the Congress gold mine located in Arizona, USA, and a 100% interest in the polymetallic Pitman property in British Columbia [6]. - Casa also has an option to acquire a 75% interest in the Arsenault VMS Property in British Columbia [6].