Camino Minerals Restructures Private Placement and Proposes Share Consolidation

Camino Minerals Corporation has announced the restructuring of its C$2 million private placement following consultations with the TSX Venture Exchange (TSXV). The restructured financing is contingent upon a proposed 6:1 consolidation of common shares. The share consolidation is intended to align with TSXV policies, with completion expected prior to the financing's closure.

The financing aims to raise C$2 million through the issuance of up to 9,523,809 post-consolidation shares at C$0.21 each. Denham Capital Management will invest C$500,000, alongside a C$200,000 investment from Camino's CEO, Jay Chmelauskas. The funds will be used for working capital and expenses, while additional funds will support drilling at Los Chapitos in Peru.

The proposed consolidation depends on TSXV acceptance. Camino aims to streamline share issuance in alignment with its acquisition plans for the Puquios copper mine in Chile.