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Canadian GoldCamps Closes Second Tranche of Over Subscribed Non-Brokered Private Placement

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Canadian GoldCamps Closes Second Tranche of Over Subscribed Non-Brokered Private Placement






Canadian GoldCamps Corp. (CSE: CAMP) (FSE: A68) (OTC: SMATF) announced that it has closed the over subscribed second tranche of the previously announced non-brokered private placement. Pursuant to the Second Tranche, the Company has issued an aggregate of 4,795,284 units for gross aggregate proceeds of $1,678,349.40. Each Unit was issued at a price of CAD$0.35 and comprised of one common share of the Company and one common share purchase warrant. Each Warrant is exercisable to acquire one additional Common Share for a period of 24 months following the closing date at an exercise price of CAD$0.70 per Common Share. Proceeds from both tranches of the Private Placement totalled $3,124,280.25.


The Company intends to use the net proceeds from the Private Placement to advance its exploration projects. The Units have been issued on a private placement basis pursuant to applicable exemptions from prospectus requirements under applicable securities laws. All securities issued or issuable pursuant to the Private Placement are subject to a hold period of four months and one day.


About Canadian GoldCamps Corp.


Canadian GoldCamps Corp. is a Canadian-based junior exploration stage company engaged in the evaluation, acquisition and exploration of lithium properties in Peru.


Posted December 20, 2021

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