on Camino Minerals Corp. (CVE:COR)
Camino Minerals Closes C$5.6 Million Financing Round
Camino Minerals Corporation has finalized its private placement of common shares, generating gross proceeds of C$5,599,680. The company issued 15,554,666 shares at $0.36 each. Key investors include Elemental Royalties and Continental General Insurance Company, alongside Camino insiders.
The funds will support various corporate expenses, including working capital, legal fees, and project development. These shares are under a statutory hold period until March 15, 2026, as per Canadian securities regulations.
Additionally, Camino issued 5,833,334 shares to Santiago Metals Investment Holdings II SLU and II-A LLC. The financing awaits the TSXV's final acceptance.
Camino continues to advance its copper projects in Chile and Peru, aiming to bolster its portfolio amidst global copper demand.
R. E.
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