Camino Minerals Closes First Tranche of Private Placement

Camino Minerals Corp, based in Vancouver, has successfully closed the first tranche of its non-brokered private placement, raising approximately $1.63 million. The company issued 7,741,665 common shares at $0.21 per share. The proceeds are earmarked for corporate working capital, legal expenses, engineering studies, and general administrative costs. The shares are subject to a hold period of four months and one day.

Insiders participated significantly, acquiring 3,690,475 shares, equating to about $775,000. This transaction fits under exemptions provided by Multilateral Instrument 61-101 and Policy 5.9 of the TSXV, avoiding the need for minority shareholder approval or formal valuation.

The closure of this tranche remains subject to final approval by the TSX Venture Exchange. Camino also paid a finders' fee amounting to $1,050.