CASA Minerals Closes Second Tranche of Private Placement Raising a Total of $2.5 Million
BC’s newest Gold Company
Casa Minerals Inc.
822-470 Granville St.
Vancouver, BC, V6C 1V5
P: 604-689-9523
F: 778-379-3899
https://www.casaminerals.com
June 22, 2021
CASA MINERALS CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT
RAISING A TOTAL OF $2.5 MILLION
Vancouver, British Columbia - Casa Minerals Inc. (TSX -V: Casa; OTC: CASXF; Frankfurt: 0CM)
(the “Company” or “Casa”) announces that is has completed the second tranche of the private
placement financing by issuing a total of 3,600,000 units of the Company (each a “Unit”) at a price of
$0.125 per Unit for total gross proceeds from both tranches being $2,500,000.
The u nits consist of one common share of the Company (a “Share”) and one transferrable Share
purchase warrant (a “Warrant”). Each Warrant is exercisable into an additional Share at a price of $0.30
for term of 1 year following the issuance (the “Expiry Date”), as noted in the press release of June 4, 2021
the warrants are subject to subject to acceleration clause.
In conjunction with the closing of the second tranche of the placement the Company will pay $3,750 cash
and issue 30,000 brokerage warrants having the same terms as noted above.
The proceeds of the private placements will be used towards funding exploration programs on the Pitman
and Arsenault Projects in British Columbia, Canada . US $45,000 will be used to pay the acquisition of
the Congress Mine, Arizona, USA and a portion will be used for general and administrative expenses.
Closing of this Private Placement is subject to final approval by the TSX Venture Exchange.
The Company further announces a new non brokered Private placement offering of up to $500,000 (the
Financing) through the sale of 2,272,727 Units at a price of $0.22 per unit. Each Unit shall consist of one
common share (the “Shares”) and one Share purchase warrants (the “Warrants”). Each Warrant shall be
exercisable for a period of 12 months warrants at $0.30 per shares. The warrants shall be subject to an
acceleration clause. If the closing price of the Shares on the TSX Venture Exchange (the “Exchange”) is
greater than $0.45 for 10 consecutive trading days, then the Company may, at its sole option, elect to
provide notice (the “Acceleration Notice”) to the holders of the Warrants, which Acceleration Notice may
be provided by news release, that the Warrants will expire at 4:00 p.m. (Vancouver time) on the date that
is 30 days from the date of the Acceleration Notice (the “Accelerated Expiry Date”). In such instance, all
Warrants that are not exercised prior to the Accelerated Expiry Date will expire on the Accelerated Expiry
Date.
The Company may pay finder's fees on a portion of the Private Placement in accordance with applicable
securities laws and the policies of the TSX Venture Exchange (the "Exchange"). In accordance with the
requirements of the Investmen t Dealer Exemption, the Company confirms there is no material fact or
material change related to the Company which has not been generally disclosed.
The Private Placement is subject to the approval of the Exchange.
The Private Placement securities have not been and will not be registered under the U.S. Securities Act
of 1933, as amended (the "1933 Act"), or under any state securities laws, and may not be offered or sold,
directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S.
persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption
BC’s newest Gold Company
Casa Minerals Inc.
822-470 Granville St.
Vancouver, BC, V6C 1V5
P: 604-689-9523
F: 778-379-3899
https://www.casaminerals.com
from the registration requirements. This news release does not constitute an offer to sell or a solicitation
to buy such securities in the United States.
On Behalf of Board of Directors
Farshad Shirvani, M.Sc. Geology
President and CEO
For more information, please contact:
Casa Minerals Inc.
Farshad Shirvani, President & CE
Phone: (604) 678-9587
Email: [email protected]
https://www.casaminerals.com
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN
THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY
OF THIS RELEASE.
Certain of the statements made and information contained herein may constitute “forward -looking information.” In
particular references to the private placement and future work programs or expectations on the quality or results of
such work programs are subject to risks associated with operations on the property, exploration activity generally,
equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers
are advised not to place undue reliance on forward-looking information. Except as required under applicable securities
legislation, the Company undertakes no obligation to publicly update or revise forward -looking information, whether
as a result of new information, future events or otherwise.