Camino Minerals Raises C$5.6 Million in Private Placement
Reuters
Yesterday
Camino Minerals Raises C$5.6 Million in Private Placement
Camino Minerals Corp. has completed a non-brokered private placement, raising approximately C$5.6 million through the issuance of 15,554,666 common shares at a price of $0.36 per share. The financing attracted new key shareholders, including Elemental Royalties and Continental General Insurance Company, as well as certain insiders of the company. Proceeds from the placement will be used for corporate working capital, legal expenses, engineering studies, project development, and general administrative expenses. The shares issued are subject to a statutory hold period expiring on March 15, 2026, and the financing remains subject to final TSXV acceptance. Additionally, Camino Minerals completed the issuance of 5,833,334 shares to Santiago Metals Investment Holdings II SLU and Santiago Metals Investment Holdings II-A LLC.
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