Camino Minerals Corporation Announces Closing of Final Tranche of Private Placement
Vancouver, BC, February 5, 2025 – Camino Minerals Corporation (TSXV:COR, OTC PINK:CAMZF) (“Camino” or the “Company”), is thrilled to announce the successful completion of the final tranche (“Final Tranche”) of its non-brokered private placement (“Financing”) previously announced on January 10, 2025. The Financing was initially oversubscribed, raising a total of approximately CAD$1.6 million through the issuance of 7,733,154 Common Shares at a price of CAD$0.21 per Common Share.
Details of the Final Tranche
Under the Final Tranche, Camino issued an aggregate of 1,781,047 Common Shares for gross proceeds of approximately CAD$374,020. The net proceeds from the Financing will be used for exploration and development activities on the Company’s projects in Argentina and Mexico, as well as for general working capital purposes.
Impact on Camino Minerals Corporation
The successful closing of the Final Tranche provides Camino with the necessary funds to advance its exploration projects in Argentina and Mexico. With the additional capital, the Company can now focus on its objectives for the year, including drilling at its Los Chapitos project in Argentina and continuing exploration activities at its El Potosi project in Mexico. This investment not only bolsters Camino’s financial position but also strengthens the Company’s commitment to delivering value to its shareholders.
Impact on the Mining Industry and the World
The mining industry, particularly the exploration sector, is capital-intensive. Companies rely on financing to fund their projects and bring new discoveries to market. The successful closing of Camino’s Financing is a positive sign for the mining industry as it demonstrates investor confidence in the sector. Moreover, the funds raised by Camino will contribute to the exploration and potential discovery of new mineral resources, which could have a significant impact on the global mining industry and economy.
Conclusion
Camino Minerals Corporation’s successful closing of the Final Tranche of its non-brokered private placement is a significant milestone for the Company. The funds raised will enable Camino to continue its exploration activities and develop its projects in Argentina and Mexico. This investment not only benefits Camino but also underscores investor confidence in the mining industry. As the Company moves forward, it remains committed to delivering value to its shareholders and contributing to the global mining sector.
- Camino Minerals Corporation raises CAD$1.6 million through the Financing.
- The Final Tranche issued 1,781,047 Common Shares for approximately CAD$374,020.
- The net proceeds will be used for exploration and development activities and general working capital.
- The successful closing of the Financing is a positive sign for the mining industry.
- The funds raised will contribute to the exploration and potential discovery of new mineral resources.
