- Casa Minerals (CASA) has closed the second tranche of its private placement for total gross proceeds of $2.5 million
- The company also announced a new non-brokered private placement of up to $500,000
- The proceeds will be used to fund exploration programs on the company’s Pitman and Arsenault projects in British Columbia
- US$45,000 will be used to fund the acquisition of the Congress Mine in Arizona
- Casa Minerals is engaged in the exploration and development of mineral properties in North America
- Casa Minerals Inc. (CASA) is up 11.11 per cent on the day, trading at C$0.30 per share
Casa Minerals (CASA) has closed the second tranche of its private placement for total gross proceeds of $2.5 million.
3.6 million units were issued at a price of $0.125 per unit. Each unit consists of one common share and one purchase warrant, which can be exercised at $0.30 for one year after the issue date.
Upon closing the second tranche, Casa Minerals will pay $3,750 cash and issue 30,000 brokerage warrants.
The company also announced a new non-brokered private placement of up to $500,000. This transaction will be funded by the sale of 2,272,727 units for $0.22 per unit.
The proceeds of the private placements will be used to fund exploration programs on the company’s Pitman and Arsenault projects in British Columbia. US$45,000 will be used to fund the acquisition of the Congress Mine in Arizona.
Casa Minerals is engaged in the exploration and development of mineral properties in North America.
Casa Minerals Inc. (CASA) is up 11.11 per cent on the day, trading at $0.30 per share as of 2:44 pm ET.
