Camino Minerals to Raise $2.1 Million FOR Additional Drilling at Chapitos Copper Project
Suite 500, 666 Burrard Street, Vancouver, BC V6C 3P6
Phone: 604-566-8778 | Fax: 604-558-4784 | Email: [email protected]
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NEWS RELEASE
#4-2018
February 1, 2018 TSX Venture: COR
OTCQB: CAMZF
Frankfurt: XC01
CAMINO MINERALS TO RAISE $2.1 MILLION FOR ADDITIONAL DRILLING
AT CHAPITOS COPPER PROJECT
NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRE
SERVICES
Camino Minerals Corporation ("Camino" or the "Company") (COR: TSX -V) wishes to
announce that it intends to raise up to $2,100,000 by way of a private placement, to fund
additional drilling at its Los Chapitos project (“Chapitos”), located in southern Peru.
The non-brokered private placement will consist of up to 6,000,000 units at a price of
$0.35 per unit for aggregate proceeds of up to $ 2,100,000. Each unit will consist of one
common share of the Company and one half non-transferable share purchase warrant.
Each whole warrant will entitle the holder to acquire one additional common share of
the Company at a price of $0 .50 per common share for a period of 18 months after the
closing date of the private placement. The warrants will be subject t o an acceleration
right in favo r of the Company: s hould the closing price of the common shares of the
Company on the TSX Venture Exchange be $0.75 or higher for ten consecutive trading
days, the Company will be entitled to accelerate the expiry of the warrants to the date
that is 30 business days from the date of the issuance of a news release by the Company
announcing the exercise of the acceleration right.
The securities issued under the offering will be subject to a hold period of four months
and finders' fees may be payable in connection with the issuance of the securities. The
private placement is subject to applicable regulatory approvals, including the approval
of the TSX Venture Exchange. The Shares offered have not been and will not be registered
under the United States Securities Act of 1933, as amended, and may not be offered or
sold in the United States absent registration or an applicable exemption from the
registration requirements of such Act.
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Net proceeds of the private placement will be used to fund o ngoing exploration,
including additional diamond drilling at the Chapitos Project and for general working
capital.
Kenneth C. McNaughton , M.A.Sc., P.Eng., is the Qualified P erson (QP) responsible for
the Chapitos project.
About Camino Minerals Corporation
Camino is a discovery-oriented mineral exploration company. The Company is focused
on the acqu isition and development of high -grade copper and precious metal projects.
For more information, please refer to Camino’s website at www.caminominerals.com.
For further information and investor inquiries, contact:
Ken McNaughton
President and Chief Executive Officer
Phone (604) 566-8778
http://www.caminominerals.com
Cautionary Note Regarding Forward-Looking Statements and Information
This News Release contains “forward -looking information” and “forward looking statements”
within the meaning of applicable Canadian and United States securities legislation. Statements
contained herein that are not based on historical or current fact, including without limitation
statements conta ining the words “anticipates,” “believes,” “may,” “continues,” “estimates,”
“expects,” and “will” and words of similar import, constitute “forward -looking statements”
within the meaning of the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking information may include, but is not limited to, information with respect to our
planned exploration activities, the adequacy of our financial resources, the estimation of mineral
reserves and resources, the results of future exploration and drilling. Wherever possible, words
such as “plans”, “expects”, “projects”, “assumes”, “budget”, “strategy”, “scheduled”,
“estimates”, “forecasts”, “anticipates”, “believes”, “intends”, “targets” and similar expressions
or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will”
be taken, occur or be achieved, or the negative forms of any of these terms and similar
expressions, have been used to identify forward-looking statements and information.
Forward-looking information is subject to a variety of known and unknown risks, uncertainties
and other factors that could cause actual events or results to differ from those expressed or
implied by the forward-looking information, including, without limitation, those risks identified
in the Company’s annual disclosure materials, filed with the securities regulatory authorities in
Canada and available at www.sedar.com. Readers are encouraged to read these materials.
Prospective investors should not place undue reliance on forward-looking information.
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Neither the 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.