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To: Goose94 who wrote (60697)6/26/2019 9:13:25 AM
From: Goose94Read Replies (1) | Respond to of 202988
 
Camino Minerals (COR-V) Closes First Tranche of PP

June 18, '19 - NR

Camino Minerals is pleased to announce that is it has closed the first tranches of 4,741,000 units of its previously announced private placement offering (the "Offering") of up to 10,000,000 units (the "Units") at an offering price of $0.15 per Unit (see the Company's press release dated June 11, 2019), to raise gross proceeds under the first closing of $711,150.

Each Unit consists of one (1) common share of the Company, and one (1) share purchase warrant (the "Warrants") to acquire one additional common share at an exercise price of $0.25 per share until June 26, 2021. In the event that the common shares of the Company trade at a closing price greater than $0.35 per share for a period of 10 consecutive days, then the Company may deliver a notice to the Warrant holders that they must exercise their Warrants within the next 30 days, or the Warrants will expire. The net proceeds of the Offering will be used to finance further work on the Company's Chapitos Copper-Gold project, Peru, as well as to provide the Company with working capital for general and administrative expenses.

Certain arm's length finders received cash fees in total equal to $8,410 and were also issued a total of 56,070 Warrants in connection with the Offering. All securities issued will be subject to resale restrictions until October 27, 2019.

About Camino Minerals Corporation

Camino 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.

ON BEHALF OF THE BOARD
/S/ "John Williamson"
President and CEO

For Further information, please contact:
Jeremy Yaseniuk, Director
jeremyy@metalsgroup.com
Tel: (604) 773-1467