Canamera Energy Metals Announces Non-Brokered Flow-Through Private Placement

Executive Summary

• Canamera Energy Metals Corp. announced a non‑brokered private placement of up to 2,000,000 flow‑through units at $0.56 per unit, targeting gross proceeds of up to $1.12 million.
• Each FT Unit consists of one flow‑through common share and half of a common share purchase warrant; the full warrant is exercisable at $0.65 for up to 36 months.
• Proceeds are intended to fund Canadian exploration expenses that qualify as flow‑through mining expenditures under the Income Tax Act (Canada).

Key Details

• Offering Size: Up to 2,000,000 FT Units → $1.12 million gross proceeds at $0.56 per unit.
• Unit Composition: 1 flow‑through common share + ½ of a common share purchase warrant.
• Warrant Terms: Whole warrant exercisable at $0.65 per common share, valid for up to 36 months from issuance.
• Use of Proceeds: To incur Canadian exploration expenses that qualify as flow‑through mining expenditures and can be renounced to purchasers.
• Closing Conditions: Subject to customary closing conditions; securities subject to a statutory hold period of four months and one day.
• Finder Compensation: 6% cash plus 6% finder’s fees in accordance with CSE rules.

Notable Quotes

(No direct quotes were provided in the release.)