Business
Casa Minerals Inc Announces Closing of Oversubscribed Private Placement, and Retains European Marketing Firm for Investor Awareness Services
Vancouver, British Columbia--(Newsfile Corp. - February 11, 2026) - Casa Minerals Inc. (TSXV: CASA) (OTCQB: CASXF) (FSE: 0CM) (the "Company" or "Casa"), is pleased to announce closing of the final tranche of its previously announced non-brokered private placement (the "Offering"). The Company has closed a total of 2,635,000 units (each, a "Unit") at a price of $0.125 per unit for gross proceeds of up to $329,375.00 in this tranche, which would be a grand total of 7,552,000 units (each, a "Unit")
About this update from Casa Minerals, Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - February 11, 2026) - Casa Minerals Inc. (TSXV: CASA) (OTCQB: CASXF) (FSE: 0CM) (the "Company" or "Casa"), is pleased to announce closing of the final tranche of its previously announced non-brokered private placement (the "Offering"). The Company has closed a total of 2,635,000 units (each, a "Unit") at a price of $0.125 per unit for gross proceeds of up to $329,375.00 in this tranche, which would be a grand total of 7,552,000 units (each, a "Unit") for a gross proceed of $944,000 for the announced financing.","length":611,"tagName":"p"},{"type":"text","content":"Each Unit consists of one common share of the Company (a "Share") and one common share purchase warrant (each full warrant, a "Warrant"). Each of the 2,635,000 Warrants entitles the holder to acquire one additional share for a period of two years. The warrant exercise strike price is $0.15/share in the first three months and automatically converts to $0.20 per share then after for the remainder of the two years period.","length":442,"tagName":"p"},{"type":"text","content":"All issued Securities will be subject to a 4-month and one day hold-period, during which any resale or other transfer will be restricted in accordance with applicable securities laws.","length":183,"tagName":"p"},{"type":"text","content":"A Finder's Fees of $18,450 has been paid to registered financial institutions for this tranche.","length":99,"tagName":"p"},{"type":"text","content":"Net proceeds from the offering will be used for general administration, exploration and development activities on the Company's projects in Arizona, and British Columbia, Canada. The Company will continue to raise the remaining placement in the coming week.","length":261,"tagName":"p"},{"type":"text","content":"The completion of the private placement remains subject to approval of the TSX Venture Exchange.","length":96,"tagName":"p"},{"type":"text","content":"None of the securities issued in the Offering will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act.","length":311,"tagName":"p"},{"t...