Canadian Goldcamps arranges $2M private placement

Mr. George Yordanov reports CANADIAN GOLDCAMPS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO $2 MILLION Canadian Goldcamps Corp. has arranged a non-brokered private placement of up to 13,333,333 units of the company at a price of 15 cents per unit for gross proceeds of up to $2-million. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at a price of 25 cents per share for a period of 24 months from the date of issuance. The company may accelerate the expiry date of the warrants, at its discretion, if the closing price of the company's common shares on the Canadian Securities Exchange is equal to or greater than 75 cents for a period of five consecutive trading days. In such event, the company may provide notice to the holders of the warrants that the expiry date of the warrants will be accelerated to a date that is 30 days from the date of such notice. Any warrants not exercised prior to the accelerated expiry date will automatically expire. The net proceeds from the financing will be used to advance exploration activities on the company's mineral projects currently under option, including geological work, target development and related exploration programs. A portion of the proceeds may also be allocated to general and administrative expenses and working capital. The offering may close in one or more tranches, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including approval of the Canadian Securities Exchange. The company may pay finders' fees and/or issue finders' warrants in connection with the offering in accordance with applicable securities laws and CSE policies. All securities issued pursuant to the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws. About Canadian Goldcamps Corp. Canadian Goldcamps is a project generator, explorer and developer focused on gold opportunities in Canada. The company's strategy is to acquire and advance high-quality assets and progress them through disciplined, technically driven exploration. We seek Safe Harbor.