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Camino Minerals to Raise $2.1 Million for Additional Drilling at Chapitos Copper Project
Camino Minerals to Raise $2.1 Million for Additional Drilling at Chapitos Copper Project ...
About this update from Camino Minerals Corporation
[{"type":"text","content":"\n\n\n\nCamino Minerals to Raise $2.1 Million for Additional Drilling at Chapitos Copper Project\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 1, 2018\n\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRE SERVICES/\n\nTSX Venture: COROTCQB: CAMZF Frankfurt: XC01\n\n\n\nVANCOUVER, Feb. 1, 2018 /CNW/ - Camino Minerals Corporation (\"Camino\" or the \"Company\") (COR: TSX-V) wishes to announce that it intends to raise up to $2,100,000 by way of a private placement, to fund additional drilling at its Los Chapitos project (\"Chapitos\"), located in southern Peru.\n\nThe non-brokered private placement will consist of up to 6,000,000 units at a price of $0.35 per unit for aggregate proceeds of up to $2,100,000. Each unit will consist of one common share of the Company and one half non-transferable share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.50 per common share for a period of 18 months after the closing date of the private placement. The warrants will be subject to an acceleration right in favor of the Company: should the closing price of the common shares of the Company on the TSX Venture Exchange be $0.75 or higher for ten consecutive trading days, the Company will be entitled to accelerate the expiry of the warrants to the date that is 30 business days from the date of the issuance of a news release by the Company announcing the exercise of the acceleration right. \n\nThe securities issued under the offering will be subject to a hold period of four months and finders' fees may be payable in connection with the issuance of the securities. The private placement is subject to applicable regulatory approvals, including the approval of the TSX Venture Exchange.  The Shares offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the regis...