Camino Announces Closing of First Tranche of Non-Brokered Private Placement
Camino Minerals (TSXV:COR)(OTC PINK:CAMZF) has completed the first tranche of its non-brokered private placement, issuing 7,741,665 common shares at $0.21 per share, raising gross proceeds of approximately $1,625,750. The shares are subject to a four-month hold period expiring on May 29, 2025.
Company insiders participated significantly in the placement, acquiring 3,690,475 shares (approximately $775,000). The proceeds will fund corporate working capital, legal expenses, engineering studies, and general administrative expenses. A finder's fee of $1,050 was paid to an arm's length registered finder.
The insider participation constitutes a related party transaction but is exempt from formal valuation and minority shareholder approval requirements as it does not exceed 25% of the company's market capitalization.
Camino Minerals (TSXV:COR)(OTC PINK:CAMZF) ha completato la prima tranche della sua collocazione privata non intermediata, emettendo 7.741.665 azioni ordinarie a $0,21 ciascuna, raccogliendo proventi lordi di circa $1.625.750. Le azioni sono soggette a un periodo di blocco di quattro mesi che scade il 29 maggio 2025.
I membri interni dell'azienda hanno partecipato in modo significativo all'emissione, acquisendo 3.690.475 azioni (circa $775.000). I proventi finanzieranno il capitale circolante dell'azienda, spese legali, studi ingegneristici e spese amministrative generali. È stata pagata una commissione di intermediazione di $1.050 a un intermediario registrato indipendente.
La partecipazione degli insider costituisce una transazione tra parti correlate ma è esente dai requisiti di valutazione formale e di approvazione degli azionisti di minoranza poiché non supera il 25% della capitalizzazione di mercato dell'azienda.
Camino Minerals (TSXV:COR)(OTC PINK:CAMZF) ha completado la primera tranche de su colocación privada no intermediada, emitiendo 7.741.665 acciones comunes a $0.21 por acción, recaudando ingresos brutos de aproximadamente $1.625.750. Las acciones están sujetas a un período de retención de cuatro meses que expira el 29 de mayo de 2025.
Los miembros internos de la empresa participaron significativamente en la colocación, adquiriendo 3.690.475 acciones (aproximadamente $775.000). Los ingresos financiarán el capital de trabajo de la empresa, gastos legales, estudios de ingeniería y gastos administrativos generales. Se pagó una comisión de $1.050 a un buscador registrado independiente.
La participación de los insiders constituye una transacción con partes vinculadas, pero está exenta de los requisitos de valoración formal y aprobación de accionistas minoritarios, ya que no excede el 25% de la capitalización de mercado de la empresa.
카미노 미네랄스 (TSXV:COR)(OTC PINK:CAMZF)는 중개인 없이 이루어진 비공식적인 사모 배정의 첫 번째 트랜치를 완료했으며, 주식 7,741,665주를 주당 $0.21에 발행하여 총 약 $1,625,750의 자금을 조달했습니다. 이 주식은 2025년 5월 29일에 만료되는 4개월의 보유 기간에 적용됩니다.
회사 내부자들은 배정에 상당히 참여하여 3,690,475주(약 $775,000)를 인수했습니다. 조달된 자금은 기업 운영 자본, 법률 비용, 엔지니어링 연구 및 일반 관리 비용을 지원하는 데 사용됩니다. $1,050의 중개 수수료가 독립된 등록 중개인에게 지급되었습니다.
내부자 참여는 관련 당사자 거래로 간주되지만, 회사의 시장 자본금의 25%를 초과하지 않기 때문에 공식 평가 및 소액주주 승인 요구사항에서 면제됩니다.
Camino Minerals (TSXV:COR)(OTC PINK:CAMZF) a complété la première tranche de son placement privé non intermédiaire, émettant 7.741.665 actions ordinaires à 0,21 $ par action, récoltant un produit brut d'environ 1.625.750 $. Les actions sont soumises à une période de blocage de quatre mois qui expirera le 29 mai 2025.
Des insiders de l'entreprise ont participé de manière significative à l'émission, acquérant 3.690.475 actions (environ 775.000 $). Les fonds seront utilisés pour le fonds de roulement de l'entreprise, les frais juridiques, les études d'ingénierie et les frais administratifs généraux. Des frais de recherche de 1.050 $ ont été versés à un intermédiaire enregistré indépendant.
La participation des insiders constitue une transaction entre parties liées mais est exemptée des exigences d'évaluation formelle et d'approbation des actionnaires minoritaires car elle ne dépasse pas 25 % de la capitalisation boursière de l'entreprise.
Camino Minerals (TSXV:COR)(OTC PINK:CAMZF) hat die erste Tranche ihrer nicht vermittelten Privatplatzierung abgeschlossen und 7.741.665 Stammaktien zu je $0,21 ausgegeben, was einen Bruttoerlös von ungefähr $1.625.750 einbringt. Die Aktien unterliegen einer viermonatigen Sperrfrist, die am 29. Mai 2025 endet.
Unternehmensinsider haben maßgeblich an der Platzierung teilgenommen und 3.690.475 Aktien (ca. $775.000) erworben. Die Einnahmen werden zur Finanzierung des Betriebskapitals, der Rechtskosten, der Ingenieurstudien und allgemeiner Verwaltungskosten verwendet. Eine Findergebühr von $1.050 wurde an einen unabhängigen, registrierten Vermittler gezahlt.
Die Insiderbeteiligung stellt eine Transaktion mit nahestehenden Parteien dar, ist jedoch von den Anforderungen an eine formale Bewertung und die Genehmigung durch die Minderheitsaktionäre befreit, da sie 25 % der Marktkapitalisierung des Unternehmens nicht überschreitet.
- Secured $1.63M in fresh capital through private placement
- Strong insider participation with $775,000 investment showing management confidence
- Share dilution through issuance of 7.74M new shares
- Four-month lock-up period on new shares until May 29, 2025
Not for Distribution to U.S. Newswire Services for Dissemination in the United States
VANCOUVER, BC / ACCESS Newswire / 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
In connection with the Financing, the Company paid a finders' fee of
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
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, the 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.
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, 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 copper 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: |
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 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.
SOURCE: Camino Minerals Corp
View the original press release on ACCESS Newswire
FAQ
How much did Camino Minerals (CAMZF) raise in its first tranche private placement?
What is the lock-up period for CAMZF's newly issued shares?
How many shares did insiders purchase in CAMZF's private placement?
What will CAMZF use the private placement proceeds for?
