Canadian GoldCamps Announces Non-Brokered Private Placement of up to $2 Million

Executive Summary

• Canadian GoldCamps Corp. announced a non‑brokered private placement of up to 13,333,333 units at $0.15 per unit, targeting gross proceeds of up to $2 million.
• Each unit consists of one common share and half of a common‑share purchase warrant (full warrant gives the right to buy an additional share at $0.25 for 24 months).
• Net proceeds will primarily fund exploration activities on the Company’s mineral projects, with a portion allocated to general & administrative expenses and working capital.

Key Details

• Units Offered: Up to 13,333,333 units
• Price per Unit: $0.15
• Gross Proceeds Target: Up to $2,000,000
• Unit Composition:
• 1 common share
• ½ of a common‑share purchase warrant (full warrant = right to buy 1 additional common share at $0.25)
• Warrant Terms:
• Exercise price: $0.25 per share
• Expiration: 24 months from issuance, unless accelerated
• Acceleration clause: If CSE closing price ≥ $0.75 for five consecutive trading days, Company may accelerate expiry to 30 days after notice; unexercised warrants then expire automatically.
• Use of Proceeds:
• Advance exploration on projects currently under option (geological work, target development, related programs)
• Allocate a portion to general & administrative expenses and working capital
• Closing Structure: May occur in one or more tranches; subject to required approvals (including CSE).
• Finder’s Compensation: Company may pay finder’s fees and/or issue finder’s warrants per applicable securities laws and CSE policies.
• Statutory Hold Period: All securities issued are subject to a hold period of four months and one day from issuance under Canadian law.

Notable Quotes

• “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.” – George Yordanov, President & CEO

Materiality Assessment: Material – Positive (significant capital raise intended to fund core exploration activities).