VANCOUVER, BC / ACCESSWIRE / November 27, 2023 / Camino Minerals Corporation (TSXV:COR)(OTCQB:CAMZF) (WKN:A116E1) ("Camino" or the "Company") is pleased to announce that it is arranging a non-brokered private placement to raise total gross proceeds of up to CAD$2,000,000 (the "Financing").
The Financing will consist of the issue of up to 33,333,334 units (each, a "Unit") at a price per Unit of CAD$0.06. Each Unit will consist of one common share and one common share purchase warrant (each, a "Warrant"), allowing holders to purchase an additional common share at an exercise price of CAD$0.10 per Warrant within thirty-six months following the closing date of the Financing. In the event the volume-weighted average closing price of the Company's common shares on the TSX Venture Exchange (the "Exchange") exceeds CAD$0.20 for twenty consecutive trading days, the Company retains the option to accelerate the expiry date of the Warrants to thirty days after a public announcement of its election to accelerate the expiry date of the Warrants. The Company may pay finders fees in connection with the Financing.
The primary use of the gross proceeds will be the commencement of drilling activities at the Company's 100% owned Maria Cecilia porphyry complex ("Maria Cecilia") and for corporate working capital and business development activities. Two drilling campaigns are planned at Camino's two permitted copper properties in Peru. Drilling at the Los Chapitos Copper Project ("Los Chapitos") will commence in December, funded in co-operation with its Los Chapitos partner Nittetsu Mining Co., Ltd. (see news release dated November 23, 2023). The second drilling campaign is planned to commence consecutively at the fully permitted Maria Cecilia copper porphyry complex.
The Company has received commitments as part of the Financing from a combination of executive management, directors, and existing shareholders of Camino. The participation in the Financing by related parties constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") and Policy 5.9 - Protection of Minority Security Holders in Special Transactions of the Exchange. Pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, the Company is exempt from obtaining a formal valuation and minority approval of the Company's shareholders in respect of the related party participation in the Financing due to the fair market value of the related party participation being below 25% of the Company's market capitalization for the purposes of MI 61-101.
All securities issued and sold under the Financing will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the Financing remain subject to the receipt of all necessary regulatory approvals, including the approval of the Exchange.
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.
The Maria Cecilia Porphyry Complex
The Maria Cecilia porphyry complex is a mineralized system of several intrusives that extends for over 5 km and hosts the mineral resources of Toropunto and Emmanuel, that have been prepared in accordance with National Instrument 43-101 standards. The central intrusive of Maria Cecilia has never been drilled and exhibits the largest magnetic anomaly in the porphyry complex. Drilling at adjacent deposits demonstrates cross-cutting mineralization indicating multiple intrusive pulses of copper, gold, zinc, and molybdenum mineralization adjacent to Maria Cecilia.
In addition, anomalous molybdenum has been encountered immediately next to Maria Cecilia indicating zoning proximity to a copper source and the potential for a robust porphyry. The Company proposes to drill from surface two porphyry outcrops with test pit grades up to 0.5 and 0.9% Cu, respectively, and drill to a potential quartz magnetite high-grade copper mineralized body within the magnetic anomaly.
In September 2022, Camino was granted the Declaration of Environmental Impact permit to drill up to 23,000 meters at Maria Cecilia (see news release dated September 12, 2022).
About Camino
Camino is a discovery and development stage copper exploration company. Camino is focused on advancing its high-grade Los Chapitos copper project located in Peru through to resource delineation and to add new discoveries. Camino has also permitted the Maria Cecilia copper porphyry project for a planned exploration drilling program. 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 .
Jose A. Bassan, FAusIMM (CP) 227922, MSc. Geologist, an independent geologist and a qualified person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the technical contents of this document. Mr. Bassan has reviewed and verified relevant data supporting the technical disclosure, including sampling and analytical test data.
ON BEHALF OF THE BOARD
Jay Chmelauskas, President and CEO
For further information, please contact:
Camino Investor Relations
info@caminocorp.com
Tel: (604) 493-2058
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.
Cautionary Note Regarding Forward Looking Statements: Certain disclosures in this release constitute forward-looking information. In making the forward-looking disclosures in this 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 release includes the terms and conditions of the Financing, the use of proceeds of the Financing, the timing and ability of the Company to obtain final approval of the Financing from the TSX Venture Exchange, the closing date of the Financing, an exemption being available under MI 61-101 and Policy 5.9 of the TSX Venture Exchange from the minority shareholder approval and valuation requirements, the prospectivity of future exploration work at Maria Cecilia and Los Chapitos and the receipt of necessary authorizations and approvals. 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 source version on accesswire.com:
不列颠哥伦比亚省温哥华/ACCESSWIRE/2023年11月27日/卡米诺矿业公司(多伦多证券交易所股票代码:COR)(OTCQB: CAMZF)(WKN: A116E1)(“Camino” 或 “公司”)欣然宣布,它正在安排非经纪私募配售,总收益高达200万加元(“融资”)。
融资将包括发行多达33,333,334个单位(每个单位,一个 “单位”),每单位价格为0.06加元。每个单位将由一股普通股和一份普通股购买权证(均为 “认股权证”)组成,允许持有人在融资截止日期后的三十六个月内以每份认股权证0.10加元的行使价额外购买普通股。如果公司在多伦多证券交易所风险投资交易所(“交易所”)的普通股的交易量加权平均收盘价连续二十个交易日超过0.20加元,则公司保留将认股权证到期日提前至公开宣布当选后三十天以加快认股权证到期日的选择权。公司可能会支付与融资相关的发现者费用。
总收益的主要用途将用于在该公司100%拥有的玛丽亚·塞西莉亚斑岩综合体(“Maria Cecilia”)开始钻探活动,以及用于公司营运资本和业务发展活动。计划在Camino在秘鲁的两处获准的铜矿区进行两次钻探活动。洛斯查皮托斯铜业项目(“Los Chapitos”)的钻探将于12月开始,资金由洛斯查皮托斯合作伙伴日铁矿业有限公司共同资助(见新闻稿) 2023年11月23日)。第二轮钻探计划在完全许可的玛丽亚·塞西莉亚铜斑岩综合体连续开始。
作为融资的一部分,公司已收到来自Camino执行管理层、董事和现有股东的承诺。关联方参与融资构成 “关联方交易”,定义见第61-101号多边文书——在特别交易中保护少数股权持有人(“MI 61-101”)和政策5.9——在交易所特别交易中保护少数股权持有人。根据密歇根州61-101第5.5(a)和5.7(1)(a)条,由于关联方参与融资的公允市场价值低于公司市值的25%,因此就MI 61-101而言,公司无需获得公司股东的正式估值和少数股权批准。
根据融资发行和出售的所有证券的持有期将从发行之日起四个月零一天到期。融资的完成仍需获得所有必要的监管批准,包括交易所的批准。
本新闻稿不构成出售要约或招揽购买美利坚合众国任何证券的要约。这些证券过去和将来都不会根据1933年《美国证券法》(“1933年法案”)或任何州证券法进行注册,除非根据1933年法案和适用的州证券法注册,或者可以豁免此类注册,否则不得在美国境内或向美国人(定义见1933年法案)发行或出售。
玛丽亚·塞西莉亚·波菲里综合体
玛丽亚·塞西莉亚斑岩复合体是一个由多个侵入体组成的矿化系统,延伸超过 5 千米,拥有托罗蓬托和伊曼纽尔的矿产资源,这些矿产资源是根据国家仪器 43-101 标准准备的。玛丽亚·塞西莉亚(Maria Cecilia)的中央侵入体从未经过钻探,其磁异常是斑岩群中最大的磁异常。在邻近的矿床上钻探显示横向矿化,表明在玛丽亚·塞西莉亚附近出现了多种侵入性的铜、金、锌和钼矿化脉冲。
此外,在玛丽亚·塞西莉亚(Maria Cecilia)旁边还遇到了异常的钼矿,这表明分区靠近铜源,并且有可能形成坚固的斑岩。该公司提议从地表两个斑岩露头上钻探试坑品位分别高达0.5%和0.9%的铜,并在磁异常中钻探潜在的石英磁铁矿高品位铜矿化体。
2022年9月,卡米诺获得了《环境影响声明》许可,可以在玛丽亚·塞西莉亚钻探高达23,000米(见新闻稿) 2022年9月12日)。
关于卡米诺
Camino是一家处于发现和开发阶段的铜矿勘探公司。卡米诺专注于推进其位于秘鲁的高品位洛斯查皮托斯铜矿项目,直至资源划定和增加新发现。卡米诺还允许玛丽亚·塞西莉亚铜斑岩项目用于计划中的勘探钻探计划。此外,卡米诺还增加了其铜银普拉塔多拉达项目的土地面积。卡米诺寻求收购先进的铜资产组合,这些资产有可能将铜输送到一个电气化的铜密集型全球经济中。欲了解更多信息,请参阅Camino的网站,网址为。
何塞·A·巴桑, Fausimm (CP) 227922, 理学硕士。地质学家, 独立的地质学家和国家仪器43-101定义的合格人员- 矿产项目披露标准,已审查并批准了本文档的技术内容。巴桑先生审查并核实了支持技术披露的相关数据,包括抽样和分析测试数据。
代表董事会
Jay Chmelauskas,总裁兼首席执行官
欲了解更多信息,请联系:
卡米诺投资者关系
info@caminocorp.com
电话:(604) 493-2058
多伦多证券交易所风险交易所及其监管服务提供商(该术语在多伦多证券交易所风险交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
关于前瞻性陈述的警示说明:本新闻稿中的某些披露构成前瞻性信息。在本新闻稿中进行前瞻性披露时,公司运用了某些因素和假设,这些因素和假设基于公司当前的信念以及公司做出的假设和目前可获得的信息。新闻稿中的前瞻性信息包括融资条款和条件、融资所得款项的使用、公司获得多伦多证券交易所风险交易所最终批准的时间和能力、融资截止日期、多伦多证券交易所风险交易所风险交易所第61-101号和第5.9号政策对少数股东批准和估值要求的豁免、玛丽亚·塞西莉亚和洛斯·查皮托斯未来勘探工作的前景以及收到必要的授权和批准。尽管根据目前获得的信息,公司认为这些假设是合理的,但这些假设可能被证明是不正确的,而且本新闻稿中的前瞻性信息受许多风险、不确定性和其他因素的影响,这些风险和不确定性可能导致未来的业绩与此类前瞻性信息中表达或暗示的业绩存在重大差异。此类风险因素包括,公司勘探活动的实际结果可能与管理层的预期不同,融资可能无法按本文所述条款全额认购或完成,公司可能无法获得或在获得任何必要的授权和批准方面会出现延误,以及股票和大宗商品市场的状况。提醒读者不要过分依赖前瞻性陈述。除非法律要求,否则公司无意更新或修改任何前瞻性陈述,也明确表示不打算或义务更新或修改任何前瞻性陈述,无论是由于新信息、未来事件还是其他原因。
来源:卡米诺矿业公司
在 accesswire.com 上查看源代码版本: