Casa Minerals Inc Announces Closing of Oversubscribed Private Placement, and Retains European Marketing Firm for Investor Awareness Services
MTIMTI(US:MTX) TMX Newsfile·2026-02-11 23:08

Core Viewpoint - Casa Minerals Inc. has successfully closed the final tranche of its non-brokered private placement, raising a total of $944,000 through the issuance of 7,552,000 units, which will be used for general administration and project development activities in Arizona and British Columbia [1][4]. Group 1: Private Placement Details - The final tranche consisted of 2,635,000 units priced at $0.125 per unit, generating gross proceeds of $329,375 [1]. - Each unit includes one common share and one common share purchase warrant, with the warrants allowing the purchase of additional shares at a strike price of $0.15 for the first three months, increasing to $0.20 thereafter for two years [2]. - A Finder's Fee of $18,450 was paid to registered financial institutions for this tranche [3]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated for general administration, exploration, and development activities on the Company's projects located in Arizona and British Columbia [4]. Group 3: Marketing Agreement - Casa Minerals has entered into a digital marketing agreement with BorsenBlick to enhance investor awareness and brand visibility, with a budget of 80,500 Canadian Dollars per month for two months [6][7]. - The Company retains the option to extend or renew the marketing campaign after the initial period [7]. Group 4: Company Overview - Casa Minerals Inc. is focused on the acquisition, exploration, and development of mineral properties in Canada and the USA, holding a 90% interest in the Congress gold mine in Arizona and a 100% interest in the Pitman polymetallic property in British Columbia [8].

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