Camino Minerals Announces CAD$2 Million Private Placement

Camino Minerals Corporation revealed a private placement initiative to raise up to CAD$2 million. This financing will include issuing up to 57,142,857 common shares at CAD$0.035 per share. The collected funds will be allocated to corporate expenses, legal costs, engineering studies, and closing expenses for acquiring the Puquios copper project in Chile.

Denham Capital has pledged CAD$500,000 as the leading contributor to this financing. Additional commitments consist of CAD$200,000 from institutional investors and potential orders amounting to CAD$300,000 from other parties. A strategic investment of up to CAD$1 million from a prospective investor is anticipated.

Participation by related parties is a "related party transaction" as outlined by the TSX Venture Exchange, but Camino is exempt from formal valuation and minority approval requirements. The financing completion is subject to regulatory approvals.