Canamera Announces Upsizing of Concurrent Private Placement

Executive Summary

• Canamera Energy Metals Corp. announced an amendment to its previously disclosed non‑brokered private placement, increasing the offering size to up to 3,787,879 FT Units at $0.66 per unit, for potential gross proceeds of up to $2,500,000.
• Each FT Unit consists of one common share and half of a warrant; each full warrant allows purchase of one common share at $0.75 for 24 months. The securities will be subject to a four‑month‑plus‑one‑day hold period.
• Proceeds are earmarked for Canadian Exploration Expenses related to the Company’s rare‑earth and critical metal projects.

Key Details

• Amended Offering Size: Up to 3,787,879 FT Units (previously 2,272,727 units).
• Price per FT Unit: $0.66 (vs. prior announced price of $0.55 for a different offering).
• Maximum Gross Proceeds: $2,500,000.
• Unit Composition:
• 1 flow‑through common share
• ½ of one common share purchase warrant (full warrant = right to buy 1 common share at $0.75).
• Warrant Terms: Exercise price $0.75 per common share; exercisable for 24 months from issuance.
• Hold Period: Securities subject to a lock‑up of four months and one day after the closing date.
• Use of Proceeds: To fund “Canadian Exploration Expenses” under the Income Tax Act, supporting exploration activities across Canamera’s portfolio of rare‑earth and critical metal projects in North America and Brazil.
• Regulatory Notices:
• Offering is a non‑brokered private placement; not an offer or solicitation in the United States.
• No change to terms of the previously announced Listed Issuer Financing Exemption offering of up to 4,545,454 units at $0.55 per unit (also targeting $2.5 M).
• Documentation: Amended offering documents filed and available on the Company’s website and SEDAR.

Notable Quotes

• “The additional capacity in this amended concurrent offering provides us with the flexibility to secure the capital needed to advance our exploration programs across a diversified portfolio of rare‑earth and critical metal projects,” – Brad Brodeur, Chief Executive Officer.