Camino Minerals closes $5.59-million financing

Executive Summary

• Camino Minerals Corp. has closed a brokered private placement of common shares, raising approximately C$5.6 million in gross proceeds.
• The financing includes participation from new strategic investors, Elemental Royalties (formerly EMX Royalty Corp.) and Continental General Insurance Company, alongside existing insiders.
• Proceeds are designated for corporate working capital, legal expenses, engineering studies, project development, and general administrative expenses.

Key Details

• Transaction Structure: Brokered private placement of common shares.
• Gross Proceeds: $5,599,680 (C$5.6 million).
• Share Price: 36 cents per share.
• Shares Issued: 15,554,666 common shares.
• Investor Participation:
  • Elemental Royalties (formerly EMX Royalty Corp.) – New key shareholder.
  • Continental General Insurance Company – New key shareholder.
  • Certain insiders of Camino Minerals Corp.
• Use of Proceeds: Corporate working capital, legal expenses, engineering studies, project development, and general administrative expenses.
• Share Restrictions: Statutory hold period expiring on March 15, 2026, in accordance with Canadian securities laws.
• Regulatory Status: Financing remains subject to final acceptance by the TSX Venture Exchange.
• Related Transaction: Completion of the issuance of 5,833,334 shares to Santiago Metals Investment Holdings II SLU and Santiago Metals Investment Holdings II-A LLC, as previously announced.

Notable Quotes

• None provided in the text.