Canamera Raises $4.61M in Dual Flow-Through Placements with Warrants
Canamera Energy Metals closed $4.61 million in two flow-through financings, issuing 3,844,409 units at $0.55 and 3,787,155 units at $0.66. Each unit includes a half-warrant exercisable at $0.65 or $0.75 within 24 months, with finders receiving $110,688 in fees and 183,069 warrants.
1. Dual Flow-Through Financings Closed
Canamera Energy Metals completed two non-brokered flow-through offerings under the listed issuer exemption, issuing 3,844,409 units at CA$0.55 for CA$2.11 million and 3,787,155 units at CA$0.66 for CA$2.50 million, totaling CA$4.613 million in gross proceeds.
2. Warrants and Finder’s Fees
Each unit comprises one common share and one-half warrant exercisable for 24 months at CA$0.65 (LIFE offering) or CA$0.75 (FT offering). Finder’s fees totaled CA$110,688 in cash, and the company issued 92,160 and 90,909 finder’s warrants respectively, for a combined 183,069 warrants.
3. Use of Proceeds
Net proceeds will be directed toward advancing exploration projects, fulfilling property acquisition obligations, and supporting working capital, general corporate purposes and investor relations activities.