Canamera Energy Metals Announces Non-Brokered Flow-Through Private Placement

Core Viewpoint - Canamera Energy Metals Corp. plans to conduct a non-brokered private placement to raise up to $1.12 million through the issuance of flow-through units, aimed at funding Canadian exploration expenses that qualify as flow-through mining expenditures under Canadian tax law [1][2]. Group 1: Private Placement Details - The private placement will involve issuing up to 2,000,000 flow-through units at a price of $0.56 per unit, with each unit consisting of one flow-through common share and one-half of a common share purchase warrant [1]. - Each whole warrant will be exercisable at $0.65 to acquire one common share for a period of up to 36 months [1]. - The offering is subject to customary closing conditions and will have a statutory hold period of four months and one day [3]. Group 2: Use of Proceeds - Proceeds from the sale of the flow-through units are intended to be used for incurring Canadian exploration expenses, allowing them to be renounced to the purchasers [2]. Group 3: Company Overview - Canamera Energy Metals Corp. is focused on rare earth and critical metals exploration, with a portfolio that includes projects in British Columbia, Northern Ontario, Colorado, and Brazil [4]. - The company targets underexplored regions with strong geological signatures and employs various datasets to advance exploration targets [4].