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Canamera Closes $4.613 Million Financing Between LIFE Offering and Non-Brokered Private Placement
Edmonton, Alberta--(Newsfile Corp. - March 26, 2026) - Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) (FSE: 4LF0) ("Canamera" or the "Company") is pleased to announce, further to its news releases dated February 27, 2026 and March 12, 2026, that the Company has closed its non-brokered private placement under the LIFE Exemption (as defined below) of 3,844,409 units of the Company (each a "Unit"), issued at a price of $0.55 per Unit, for aggregate gross proceeds of $2,114,424.95 (the...
About this update from Canamera Energy Metals Corp
[{"type":"text","content":"Edmonton, Alberta--(Newsfile Corp. - March 26, 2026) - Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) (FSE: 4LF0) ("Canamera" or the "Company") is pleased to announce, further to its news releases dated February 27, 2026 and March 12, 2026, that the Company has closed its non-brokered private placement under the LIFE Exemption (as defined below) of 3,844,409 units of the Company (each a "Unit"), issued at a price of $0.55 per Unit, for aggregate gross proceeds of $2,114,424.95 (the "LIFE Offering").","length":553,"tagName":"p"},{"type":"text","content":"Each Unit consists of one (1) common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one (1) Common Share at a price of $0.65 for a period of 24 months from March 26, 2026 (the "Closing Date").","length":344,"tagName":"p"},{"type":"text","content":"The LIFE Units were issued pursuant to the Listed Issuer Financing Exemption (the "LIFE Exemption") under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by the Canadian Securities Administrator's Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. Accordingly, the Units will not be subject to a hold period in accordance with applicable Canadian securities laws.","length":464,"tagName":"p"},{"type":"text","content":"In connection with the LIFE Offering, the Company paid $50,688.00 in cash finder's fees and issued 92,160 finder's warrants (the "Finders Warrants"). Each Finders Warrant entitles the holder to acquire one (1) Common Share at a price of $0.65 for a period of 24 months from the Closing Date. The Finders Warrants are subject to a statutory hold period of four months and one day.","length":397,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from the LIFE Offering to advance its projects, maintain existing property acquisition obligations, for working capital and general corporate purposes, including investor relations and as more specifically described in the LIFE Offering Document filed on SEDAR+.","length":306,"tagName":"p"},{"type":"text","content":"Concurrent Non-Brokered Pr...