Camino Minerals Corporation has launched a financing package aimed at raising up to C$14.5 million through a combination of brokered units and unsecured convertible debentures.

The financing consists of a brokered private placement of up to 12,000,000 units priced at C$0.42 per unit to generate gross proceeds of up to C$5.04 million. Each unit contains one common share and one-half of a warrant, with whole warrants exercisable at C$0.55 for two years following the closing date. Paradigm Capital Inc. and Raymond James Ltd. are acting as co-lead agents for this portion of the offering, backed by a 15% agents' option to sell additional units.

Concurrently, the company is issuing up to C$9.5 million in unsecured convertible debentures bearing an interest rate of 10.0% per annum. These debentures carry a 36-month maturity and a conversion price of C$0.48 per common share. Santiago Holdco, a significant shareholder holding approximately 40.8% of the company's shares, is expected to acquire all of the convertible debentures.

Net proceeds from the offerings will satisfy joint venture cash calls for the Puquios Copper Project, fund exploration and drilling at the Costa de Cobre Project in Peru, cover exploration and permitting across other Peruvian mineral assets, and address general working capital needs over the next 12 months. Debenture proceeds will also refinance deferred contingent acquisition payments, extension fees, and an outstanding term loan owed to Santiago Holdco.

Completion of the offerings remains conditional on the approval of the TSX Venture Exchange. Both tranches are scheduled to close on or about August 26, 2026.

“Camino seeks to acquire a portfolio of advanced copper assets that have the potential to deliver copper into an electrifying copper intensive global economy.”

— Jay Chmelauskas, President and CEO

Read the full announcement: Camino Announces $5.0 Million Brokered Private Placement of Units and Concurrent $9.5 Million Non-Brokered Private Placement of Convertible Debentures