Sure! Here’s the translation to American English:
Camino Minerals Corporation has announced its intention to conduct a non-brokered private placement to raise approximately CAD 5.6 million. This initiative will involve the issuance of more than 15.5 million common shares at a price of CAD 0.36 per share, with the hope of providing a significant boost to its capital.
Participants in this placement include EMX Royalty Corp. and Continental General Insurance Company (CGIC). CGIC, a major shareholder of Nittetsu Mining, a strategic partner of Camino, is notable for its investments in mining assets. Meanwhile, Vancouver-based EMX Royalty has recently finalized a royalty agreement on the copper and gold concessions held by Camino in Chile, strengthening its participation in the sector.
Camino’s CEO, Jay Chmelauskas, emphasized the importance of this financing from investors with a proven track record in mining, stating that this support positions the company favorably toward copper production at its Puquios project located in Chile.
Currently, Camino and Nittetsu are ramping up the development of the Puquios project, with plans to make production decisions in the spring of 2026. Additionally, the company is in negotiations with Japanese lenders to secure the necessary funds to advance the project.
The funds raised will be allocated to working capital, legal expenses, engineering studies, and other costs associated with project development. The completion of the placement is subject to obtaining the required regulatory approvals, including from the TSX Venture Exchange, with a closure expected around November 14.
Furthermore, Camino plans to issue an additional 5.8 million shares to a different group of investors, a move that is contingent on the completion of the initial placement. Some members of the internal team also intend to acquire up to 276,888 shares, a transaction that qualifies as a related party under current regulations, although it is exempt from certain formal valuation requirements.
With a clear focus on the development of copper-producing mining assets, Camino Minerals seeks to advance its projects in Chile and Peru, with the goal of making new discoveries in the industry.
Source: MiMub in Spanish
