Camino Minerals Announces C$5.6 Million Private Placement with Strategic Investors
Reuters
Nov 12
Camino Minerals Announces C$5.6 Million Private Placement with Strategic Investors
Camino Minerals Corp. has announced a non-brokered private placement to raise approximately C$5.6 million through the issuance of 15,554,666 common shares at a price of C$0.36 per share. The financing will bring two significant new shareholders, EMX Royalty Corp. and Continental General Insurance Company, into the company. Insiders of Camino, including members of the board and the CFO, are expected to participate in the financing, acquiring an aggregate of 276,888 shares. The transaction is exempt from formal valuation and minority shareholder approval requirements under applicable regulations. The proceeds will support the company's ongoing capital requirements.
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