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Camino Minerals (TSXV: COR) Announces a non-brokered private placement

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The offering of up to 5 million units is priced at $0.20 per unit for gross proceeds of up to $1 million, which will be used to fund ongoing exploration, including a diamond drill program at the Red Beds Project, and for general working capital.

Additional Information:

Company: Camino Minerals
Website: http://www.caminominerals.com/s/Home.asp
Stock Symbol: TSXV: COR
Date Published: May 26, 2015
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Camino Minerals, symbol COR on the TSX Venture Exchange, announced a non-brokered private placement.

The offering of up to 5 million units is priced at $0.20 per unit for gross proceeds of up to $1 million, which will be used to fund ongoing exploration, including a diamond drill program at the Red Beds Project, and for general working capital.

Each unit consists of one share and one warrant, with each warrant exercisable at $0.25 for 18 months.

With new management, the company is refocussing on high grade copper/precious metal projects, primarily in Peru, but also in Canada, United States, and Mexico.

At the Red Beds Project in Peru, field crews were mobilized in March and have identified nine additional beds of high grade copper-silver mineralization; five in the northeast portion of the property, and four in the south.

As a result of these discoveries, additional claims have been staked and the property now covers 5,300 hectares.

The company has reported average grades of 1.5% to 4.0% copper, with local values in excess of 10% copper.

A drill program has been started which involves a series of shallow holes to confirm the orientation of the beds and trench values.

New President & CEO, Ken McNaughton stated: “I’m very proud of what we’ve been able to achieve in a
short time, and am equally excited about the potential to define a substantial, high grade copper-silver
deposit at our Red Beds Project.”

The shares are trading at $0.23, and with 20.3 million shares outstanding, the company is capitalized at $4.7 million.

For more information on the company, please visit their website www.caminominerals.com or contact Ken McNaughton, President & CEO, at 604-566-8778 or email info@caminominerals.com.

I’m Samantha Deutscher for Investmentpitch Media
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