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Canamera Closes $4.613 Million Financing Between LIFE Offering and Non-Brokered Private Placement
TMX Newsfile· 2026-03-27 01:30
Core Viewpoint - Canamera Energy Metals Corp. has successfully closed a non-brokered private placement under the LIFE Exemption, raising approximately $2.11 million through the issuance of 3,844,409 units at a price of $0.55 per unit [1][3]. Group 1: LIFE Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at $0.65 for 24 months from the closing date [2]. - The company incurred cash finder's fees of $50,688 and issued 92,160 finder's warrants, each allowing the purchase of one common share at $0.65 for 24 months [4]. - The net proceeds from the LIFE Offering will be used for project advancement, property acquisition obligations, working capital, and general corporate purposes [5]. Group 2: Concurrent Offering Details - Canamera also closed a concurrent non-brokered private placement of 3,787,155 flow-through units at a price of $0.66 per unit, raising approximately $2.50 million [6]. - Each flow-through unit consists of one flow-through common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at $0.75 for 24 months [7]. - The proceeds from the concurrent offering will be used to incur Canadian exploration expenses that qualify as flow-through mining expenditures [9]. Group 3: Company Overview - Canamera Energy Metals Corp. is focused on the exploration and development of rare earth elements, with projects in Brazil, the United States, and Canada [11]. - The company aims to advance ionic clay REE projects in Brazil and critical mineral assets in North America to support Western rare earth supply chain independence [12].