09:48:13 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Casa Minerals Inc
Symbol CASA
Shares Issued 66,073,335
Close 2023-08-08 C$ 0.07
Market Cap C$ 4,625,133
Recent Sedar Documents

Casa Minerals to extend expiry date for 20M warrants

2023-08-09 19:33 ET - News Release

Mr. Farshad Shirvani reports

CASA MINERALS INC. ANNOUNCES WARRANT EXTENSION

Casa Minerals Inc. intends to update an aggregate of 20 million common share purchase warrants issued on its May 20, 2021, private placement. The company's intentions are to extend the expiry date from Aug. 18, 2023, for 16.4 million warrants and Sept. 20, 2023, for 3.6 million warrants respectively to a new expiry date of Feb. 20, 2024, for all the warrants.

The warrants were granted a previous repricing by the TSX Venture Exchange on July 28, 2023, and have an exercise price of 10 cents. Management believes that extending the expiry date should encourage their exercise to help finance work programs planned for this field season at the company's projects.

The warrants will continue to be subject to an acceleration clause.

The amendment of the warrants is subject to approval of the TSX Venture Exchange.

About Casa Minerals Inc.

The company is engaged in the acquisition, exploration and development of mineral properties located in Canada and the United States. Casa owns 90 per cent interest in the Congress gold mine (Arizona) in the patented claims from 40 feet depth and beyond and in addition the company owns undivided 100 per cent in 25 claims (494.48 acres) of unpatented ground adjacent to the Congress gold mine. This historic high-grade gold producing mine has not been explored nor been in production since 1992. Additionally, the company owns a 100-per-cent interest in the polymetallic Pitman and Keaper properties (British Columbia, Canada) and has an option to acquire a 75-per-cent interest in the Arsenault VMS property (British Columbia, Canada).

We seek Safe Harbor.

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