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Casa Minerals ( (TSE:CASA) ) has shared an announcement.
Casa Minerals Inc. announced the closing of the first tranche of its non-brokered private placement, raising $250,000 through the issuance of 4,545,455 flow-through units. The proceeds will be used for exploration and development activities in British Columbia, Canada. The transaction involved a related party, with President and CEO Farshad Shirvani subscribing to the entire tranche, which is subject to TSX Venture Exchange approval and relevant securities laws. This move is expected to bolster Casa’s exploration capabilities and strengthen its project portfolio.
More about Casa Minerals
Casa Minerals Inc. is engaged in the acquisition, exploration, and development of mineral properties in Canada and the USA. The company holds a 90% interest in the Congress gold mine in Arizona and a 100% interest in the polymetallic Pitman in British Columbia, Canada. Additionally, Casa has an option to acquire a 75% interest in the Arsenault VMS Property in British Columbia.
YTD Price Performance: -50.0%
Average Trading Volume: 60,500
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.31M
Learn more about CASA stock on TipRanks’ Stock Analysis page.