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Camino announces debt settlement agreement
Camino announces debt settlement agreement Canada NewsWire VANCOUVER, March 7, 2...
About this update from Camino Minerals Corporation
[{"type":"text","content":"\n\n\n\nCamino announces debt settlement agreement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, March 7, 2017\n\n\n\nTSX Venture Symbol: COR\n\n\n\n\nVANCOUVER, March 7, 2017 /CNW/ - Camino Minerals Corporation (\"Camino\" or the \"Company\") (COR: TSX-V) announces that it has entered into a debt settlement agreement (the \"Agreement\") with Ken McNaughton, the President and CEO, a creditor of the Company, pursuant to which the Company has agreed to issue an aggregate of 1,500,000 common shares (the \"Shares\") at a deemed price of $0.34 per share.  The amount of indebtedness settled by the Agreement is $510,500 which represents the funds loaned by Mr. McNaughton to the Company.  The Company chose to settle the debt with Shares in order to preserve its cash for operations. \n\nThe Shares will be subject to the approval of the TSX Venture Exchange (the \"Exchange\") and will also be subject to a four month hold period.  The Shares will be issued upon receipt of Exchange approval.  \n\nAbout Camino Minerals Corporation\n\nCamino is a discovery-oriented mineral exploration company.  The Company is focused on the acquisition and development of high grade copper and precious metal projects. For more information, please refer to Camino's website at www.caminominerals.com\n\nCautionary Note Regarding Forward-Looking Statements and Information \n\nThis News Release contains \"forward-looking information\" and \"forward looking statements\" within the meaning of applicable Canadian and United States securities legislation. Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words \"anticipates,\" \"believes,\" \"may,\" \"continues,\" \"estimates,\" \"expects,\" and \"will\" and words of similar import, constitute \"forward-looking statements\" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. \n\nForward-looking information may include, but is not limited to, information with respect to our planned exploration ac...