Canamera Energy Metals Announces Non-Brokered Private Placement

Executive Summary
- Canamera Energy Metals Corp. announced a non‑brokered private placement for up to $3 million in flow‑through and non‑flow‑through units.
- Proceeds are earmarked for advancing the Turvolandia and Sao Sepe rare‑earth projects in Brazil, staking mining claims in the USA, and general working capital.
- The company may upsized the offering by an additional $1 million if market conditions permit.
Key Details
- Units Offered:
- Up to 1,785,714 flow‑through units (FT Units) at $0.56 per FT Unit. Each FT Unit = one flow‑through common share + ½ warrant; each whole warrant exercisable at $0.65 for 36 months.
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Up to 4,444,445 non‑flow‑through units (Units) at $0.45 per Unit. Each Unit = one non‑flow‑through common share + ½ warrant; each whole warrant exercisable at $0.56 for 36 months.
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Gross Proceeds: Up to $3 million (potential upsizing to an additional $1 million).
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Use of Proceeds:
- Advance Turvolandia and Sao Sepe rare‑earth properties in Brazil.
- Stake mining claims in the United States.
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General working capital, corporate purposes, and investor relations.
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Flow‑Through Component: Proceeds from FT Units will be used for “Canadian exploration expenses” (CEE) to qualify as flow‑through mining expenditures under the Canadian Income Tax Act and be renounced to purchasers.
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Closing Conditions & Hold Period: Subject to customary closing conditions; securities subject to a statutory hold period of four months and one day.
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Finder Compensation: Persons acting as finders may receive 6 % cash plus 6 % finder’s fees in accordance with CSE rules.
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Upsizing Option: Company may increase the total offering by up to $1 million based on prevailing market conditions.
Notable Quotes
(No direct quotes were provided in the release.)