Casa Minerals Inc. Announces Closing of Initial Tranche of Non-Brokered Private Placement
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
Casa Minerals Inc. Announces Closing of Initial Tranche
of Non-Brokered Private Placement
May 20, 2021: Casa Minerals Inc. (TSX-V: Casa; OTC: CASXF; Frankfurt: 0CM) (the “Company” or “Casa”) is
pleased to announce it has closed an initial tranche of $2,050,000 under the non -brokered private placement (the
“Private Placement”) announced by news release dated May 18, 2021.
The initial tranche closing comprises 16,400,000 units of the Company (each a “Unit”) at a price of $0.125 per Unit.
Each Unit consists of one common share of the Company (a “Share”) and one transferrable Share purchase warrant
(a “Warrant”). Each Warrant wi ll entitle the holder thereof to acquire one additional Share at a price of $0.30 for
term of 1 year following closing, being May 20, 2022 (the “Expiry Date”), subject to acceleration. The Offering has
received the conditional approval of the TSX Venture E xchange and remains subject to final approval by the TSX
Venture Exchange.
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 i ts sole option, elec t 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 Accelera tion
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 expects that it will complete a second tranche balance of the P rivate Placement within the next two
weeks.
Proceeds from the Private Placement will be used for ongoing exploration programs on the company’s properties
and for general working capital purposes.
In connection with initial tranche closing the Company paid cash commissions of $ 108,525 and issued 772,200
non-transferable finder’s warrants pursuant to and in accordance with applicable securities laws and Exchange
policy. The finder’s warrants have the same terms as the Warrants.
All securities issued in conjunction with the initial tranche closing have a hold period
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 & CEO
Phone: (604) 678-9587
Email: [email protected]
https://www.casaminerals.com
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
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.