Canadian GoldCamps Closes First Tranche of Private Placement and Issues LOI Consideration Shares

About this update from Canadian Goldcamps Corp

[{"type":"text","content":"Vancouver, January 2, 2026 – Canadian GoldCamps Corp. (CSE: CAMP) (FSE: A68) (the “Company”) is pleased to announce that it has closed the first tranche (the “First Tranche”) of its previously announced non-brokered private placement financing. Pursuant to the First Tranche, the Company issued 5,550,000 common shares of the Company (each, a “Share”) at a price of $0.10 per Share for gross proceeds of $555,000 (the “Offering”). The Company intends to use a portion of the net proceeds from the Offering to fund payments in connection with the proposed option agreement with Stelmine Canada Ltd. (“Stelmine”), including the initial $100,000 cash payment contemplated thereunder, with the balance of the net proceeds to be used for general working capital purposes.   The Offering remains subject to the receipt of all required regulatory approvals, including acceptance of the Canadian Securities Exchange. All securities issued in connection with the Offering are subject to a hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws. The Company expects to complete one or more additional closings of the Offering on or prior to January 15, 2026. In connection with the execution of the binding letter of intent dated December 18, 2025 (the “LOI”), the Company has issued an aggregate of 1,822,941 Shares, representing 9.99% of the Company’s issued and outstanding common shares as at the date hereof, to Stelmine, as consideration for the grant of exclusivity under the LOI and the execution of the LOI, with any interest in the Courcy and Mercator projects to be earned only upon execution of a definitive option agreement. The Shares are subject to a 36-month escrow, with 10% released after four months and the balance released quarterly thereafter, in accordance with the terms of the LOI and applicable Canadian securities laws. The LOI provides the Company with an exclusive option to acquire up to an 80% interest in the Courcy and Mercator projects. An initial 10% interest in the projects will be earned only upon execution of a definitive option agreement, which remains subject to regulatory approvals. There can be no assurance that a definitive agreement will be entered into. If a definitive option agreement is not entered into, the Company will not earn any interest in the projec...

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