Camino Announces a Private Placement of up to CAD$2.0 Million
604-493-2058 www.caminocorp.com [email protected]
Camino Announces a Private Placement
of up to CAD$2.0 Million
Vancouver, November 28, 2024 - Camino Minerals Corporation (TSXV: COR) (OTC PINK: CAMZF)
(“Camino” or the “Company”) is pleased to announce that, further to its news release dated
October 7, 2024 regarding the Company’s proposed joint acquisition of the Puquios copper project
(“Puquios”) in Chile and the financing referenced therein , it is arranging a non -brokered private
placement to raise total gross proceeds of up to CAD$2 ,000,000 (the “Financing”). The Financing
will consist of the issue of up to 57,142,857 common shares of the Company (each, a “Share”) at a
price per Share of CAD$0.035. The Company may pay finders’ fees in connection with the Financing,
in accordance with applicable securities laws. The Financing does not include any discount to the
latest closing price of the Company’s common shares or any attached warrants. The gross proceeds
from the Financing will be allocated towards corporate working capital, legal expenses, engineering
studies, and general administrative expenses and other expenses associated with closing the
Puquios acquisition.
Denham Capital has committed CAD$500,000 as the lead order for this Financing. Separate Denham
Capital-advised funds hold a shareholder interest in Camino of approximately 15% and Justin
Machin, a Managing Director of Denham Capital, is also a member of the Camino board of directors.
Additional commitments include CAD$200,000 from institutional investors and indicative orders of
CAD$300,000 from other investors. Furthermore, the Company anticipates a strategic investment
of up to CAD$1,000,000 from a prospective investor. The Company may receive commitments as
part of the Financing from management, directors, and existing shareholders of Camino.
The participation in the Financing by related parties constitutes a “related party transaction ” as
defined under Multilateral Instrument 61 -101 - Protection of Minority Security Holders in Special
Transactions (“MI 61 -101”) and Policy 5.9 – Protection of Minority Security Holders in Special
Transactions of the TSX Venture Exchange (the “ Exchange”). Pursuant to sections 5.5(a) and
5.7(1)(a) of MI 61 -101, the Company is exempt from obtaining a formal valuation and minority
approval of the Company’s shareholders in respect of the related party participation in the Financing
due to the fair market value of the related party participation being below 25% of the Company ’s
market capitalization for the purposes of MI 61-101.
All securities issued and sold under the Financing will be subject to a hold period expiring four
months and one day from their date of issuance. Completion of the Financing remain subject to the
receipt of all necessary regulatory approvals, including the approval of the Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States of America. The securities have not been and will not be registered
under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws and may
604-493-2058 www.caminocorp.com [email protected]
not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless
registered under the 1933 Act and applicable state securities laws, or an exemption from such
registration is available.
About Camino
Camino is a discovery and development stage copper exploration company. On October 7, 2024,
Camino signed a Definitive Agreement to purchase the construction-ready Puquios copper mine in
Chile. Camino is focused on developing copper producing assets such as Puquios, and advancing its
IOCG Los Chapitos copper project located in Peru through to resource delineation and development,
and to add new discoveries. Camino has also permitted the Maria Cecilia copper porphyry project
for exploration discovery drilling to add to its NI43-101 resources. In addition, Camino has increased
its land position at its copper and silver Plata Dorada project. Camino seeks to acquire a portfolio of
advanced copper assets that have the potential to deliver c opper into an electrifying copper
intensive global economy. For more information, please refer to Camino’s website at
www.caminocorp.com.
ON BEHALF OF THE BOARD For further information, please contact:
/S/ “Jay Chmelauskas” Camino Investor Relations
President and CEO [email protected]
Tel: (604) 493-2058
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.
Cautionary Note Regarding Forward Looking Statements: Certain disclosures in this release constitute
forward-looking information. In making the forward-looking disclosures in this release, the Company has
applied certain factors and assumptions that are based on the Company’s current beliefs as well as
assumptions made by and information currently available to the Company. Forward-looking information
in the release includes the terms and conditions of the Financing, subscription commitments to the
Financing, the use of proceeds of the Financing, the timing and ability of the Company to obtain final
approval of the Financing from the TSX Venture Exchange, and an exemption being available under MI
61-101 and Policy 5.9 of the TSX Venture Exchange from the minority shareholder approval and valuation
requirements. Although the Company considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect, and the forward-looking information
in this release is subject to numerous risks, uncertainties and other factors that may cause future results
to differ materially from those expressed or implied in such forward-looking information. Such risk factors
include, among others, that actual results of the Company’s exploration activities may be different than
those expected by management, that the Financing may not be fully subscribed or completed on the
terms described herein, that the Company may be unable to obtain or will experience delays in obtaining
any required authorizations and approvals and the state of equity and commodity markets. Readers are
cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and
expressly disclaims any intention or obligation to, update or revise any forward -looking statements
whether as a result of new information, future events or otherwise, except as required by law.