Skip to main content

Canadian GoldCamps Closes Second Tranche of Over Subscribed Non-Brokered Private Placement

Written by Customer Service on . Posted in Public Companies.

TORONTO, Dec. 17, 2021 (GLOBE NEWSWIRE) — Canadian GoldCamps Corp. (“Canadian GoldCamps”, or the “Company”) (CSE: CAMP) (FSE: A68) (OTC: SMATF) today announced that it has closed the over subscribed second tranche (the “Second Tranche”) of the previously announced non-brokered private placement (the “Private Placement”). Pursuant to the Second Tranche, the Company has issued an aggregate of 4,795,284 units (“Units”) for gross aggregate proceeds of $1,678,349.40. Each Unit was issued at a price of CAD$0.35 and comprised of one common share of the Company (each a “Common Share”) and one common share purchase warrant (each a “Warrant”). Each Warrant is exercisable to acquire one additional Common Share for a period of 24 months following the closing date at an exercise price of CAD$0.70 per Common Share. Proceeds from both tranches of the Private Placement totalled $3,124,280.25.

The Company intends to use the net proceeds from the Private Placement to advance its exploration projects. The Units have been issued on a private placement basis pursuant to applicable exemptions from prospectus requirements under applicable securities laws. All securities issued or issuable pursuant to the Private Placement are subject to a hold period of four months and one day.

About Canadian GoldCamps Corp.

Canadian GoldCamps Corp. is a Canadian-based junior exploration stage company engaged in the evaluation, acquisition and exploration of lithium properties in Peru. For additional information, please visit Canadian GoldCamp’s website: https://www.goldcamps.ca/.

For further information, please contact:

Canadian GoldCamps
Brendan Purdy, Interim CEO
604-687-2038

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. There is no assurance the private placement, property option, change of board or reinstatement of trading referred to above will close on the terms as stated, or at all. The Company disclaims any intention or obligation to revise or update such statements.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.