Camino Announces Closing of First Tranche of Non-Brokered Private Placement
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Camino Announces Closing of First Tranche of Non-Brokered Private Placement
Not for Distribution to U.S. Newswire Services for Dissemination in the United States
Vancouver, BC - January 29, 2025 - Camino Minerals Corporation (TSXV: COR) (OTC PINK: CAMZF)
(“Camino” or the “Company”) is pleased to announce the closing of the first tranche (the “First Tranche”)
of its non-brokered private placement (the “Financing”) of common shares in the capital of the Company
(the “Common Shares”) previously announced on January 10, 2025.
Under the First Tranche, the Company issued an aggregate of 7,741,665 Common Shares at an issue price
of $0.21 per Common Share, for aggregate gross proceeds of approximately $1,625,750. The Common
Shares were distributed by way of private placement pursuant to exemptions from the prospectus and
registration requirements under applicable securities laws, and accordingly, are subject to a hold period of
four month and one day from the closing date (expiring on May 29, 2025), in accordance with applicable
securities laws and the policies of the TSX Venture Exchange (the “TSXV”). The gross proceeds from the
Financing will be applied tow ards corporate working capital, legal expenses, engineering studies, and
general administrative expenses. Completion of the Financing remains subject to the final approval of the
TSXV.
In connection with the Financing, the Company paid a finders' fee of $ 1,050 to an arm’s length registered
finder.
TSXV Policy 5.9 and MI 61-101
Insiders of the Company acquired an aggregate of 3,690,475 Common Shares in the First Tranche
(approximately $775,000), which participation constitutes a “related party transaction” within the meaning
of 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 TSXV (“Policy
5.9”) (which incorporates the requirements of MI 61 -101). However, such participation is exempt from the
formal valuation and minority shareholder approval requirements of MI 61 -101 pursuant to sections 5.5(a)
and 5.7(1)(a) of MI 61-101, respectively, as neither the fair market value of the Common Shares acquired
by the insiders of the Company, nor the consideration for the Common Shares paid by such insiders, exceed
25% of the Company's market capitalization for the purposes of MI 61-101.
The exact extent of participation by insiders of the Corporation in the First Tranche was not determined
sufficiently in advance of the closing thereof , and accordingly, t he Company expects to file a material
change report relating to the First Tranche less than 21 days from completion of the First Tranche , which
is reasonable and necessary in the circumstances.
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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 NI 43-101 resources. In addition, C amino 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 copper into an electrifying copper intensive global economy. For more info rmation,
please refer to Camino’s website at www.caminocorp.com.
ON BEHALF OF THE BOARD
/S/ “Jay Chmelauskas”
President and CEO
For further information, please contact:
Camino Investor Relations
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.
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 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.
Cautionary Note Regarding Forward Looking Statements: Certain disclosures in this news release
constitute forward-looking information. In making the forward -looking disclosures in this news 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 news release includes, without limitation, the use of proceeds of the Financing, the timing
and ability of the Company to obtain the final approval of the Financing from the TSXV, and an exemption
being available under MI 61 -101 and Policy 5.9 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 fact ors that may cause future results to differ materially
from those expressed or implied in such forward -looking information. Such risk factors include, among
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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.