Camino Closes Private Placement
Camino Closes Private Placement
Edmonton, Alberta--(Newsfile Corp. - July 14, 2020) -
Camino Minerals Corp.
(TSXV: COR)
(OTCQB: CAMZF) (WKN: A116E1)
("Camino"
or the
"Company")
is pleased to announce that it has
closed its previously announced private placement offering (the "Offering") of 30,000,000 units (the
"Units") at an offering price of $0.10 per Unit (see the Company's press release dated June 19, 2020),
to raise gross proceeds of $3,000,000.
Each Unit consists of one (1) common share of the Company, and one-half (1/2) share purchase warrant
(the "Warrants") to acquire one additional common share at an exercise price of $0.15 per share until
July 14, 2022.
Certain arm's length finders received cash fees of $24,850 in connection with the Offering.
The net proceeds of the Offering will be used to advance the Company's exploration and development
strategy at its Los Chapitos Copper-Gold project in Peru, as well as to provide the Company with
working capital for general and administrative expenses.
All securities issued will be subject to resale restrictions until November 14, 2020.
About Camino Minerals Corporation
Camino is a discovery and development stage copper exploration company. The Company is focused
on advancing its high-grade, Peru based, Chapitos copper project towards potential resource
delineation and new discoveries. The Company 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
information, please refer to Camino's website at
www.caminominerals.com
.
ON BEHALF OF THE BOARD
/S/ "Jay Chmelauskas"
CEO and Director
For Further information, please contact:
Camino Investor Relations
Tel: +1 (604) 608-4513
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 completion of the Private Placement and appointments,
the prospectivity of the project for future exploration, development and production on the Chapitos
copper project and that actual results of exploration activities are consistent with management's
expectations. 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 will
be different than those expected by management, that the Company will be unable to obtain or will
experience delays in obtaining any required 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.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/59706