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Casa Minerals Announces $2,500,000 Financing

Newsfile Corp.
·2 min read

Vancouver, British Columbia--(Newsfile Corp. - May 18, 2021) - Casa Minerals Inc. (TSXV: CASA) (OTC Pink: CASXF) (FSE: 0CM) (the "Company" or "Casa") is arranging a non-brokered private placement (the "Private Placement) for $2,500,000 at $0.125 per unit (a "Unit"). Each Unit will consist of one share and one share purchase warrant, with each warrant entitling the holder to acquire one additional share at a price of $0.30 per share for one year. The expiry date of the warrants may be accelerated at the option of the Company if the average closing price is greater than $0.45 per share for a period of 10 trading days. The private placement is subject to acceptance of the TSX Venture Exchange.

On Behalf of Board of Directors

Farshad Shirvani, M.Sc. Geology

President and CEO

For more information, please contact:

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Casa Minerals Inc.

Farshad Shirvani, President & CEO

Phone: (604) 678-9587

Email: contact@casaminerals.com

https://www.casaminerals.com

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to the Company's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/84458