08:09:10 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Camrova Resources Inc
Symbol CAV
Shares Issued 22,691,760
Close 2018-12-24 C$ 0.065
Market Cap C$ 1,474,964
Recent Sedar Documents

Camrova closes $12,000 second tranche of financing

2019-04-18 10:39 ET - News Release

Mr. Tom Ogryzlo reports

CAMROVA RESOURCES ANNOUNCES SECOND CLOSING OF PRIVATE PLACEMENT

Camrova Resources Inc. has issued 200,000 common shares and 200,000 common share purchase warrants in the second tranche of the previously announced private placement of units of the company for proceeds of $12,000. This brings the total raised in the first two tranches of the private placement to 1,096,667 common shares and 1,096,667 warrants for total combined proceeds of $65,800. The third and final tranche of the private placement is expected to close in early May.

The securities issued in connection with the private placement will be subject to a hold period expiring four months and one day from the date of issuance of such securities.

Asesoria y Inversiones MAYG SpA negotiations

Camrova and MAYG are continuing discussions in connection with the proposed acquisition by Camrova of a slag trading contract dated Feb. 19, 2018, entered into between Anglo American Sur SA and MAYG. Subject to further due diligence review, the parties presently consider that the slag agreement should be acquired by assignment rather than by the acquisition of the MAYG shares.

Status of Armex Mining Corp. transaction

In other news, Camrova wishes to advise that it has not made any payments or incurred any expenses under the option agreement dated Dec. 24, 2018, with Armex. Accordingly, the option granted to Camrova to earn up to a 50-per-cent interest in and to certain mineral claims adjacent to and forming part of Armex's Goldstream mine project has terminated in accordance with its terms. Camrova will not be pursuing the proposed flow-through financing nor will it be pursuing the proposed acquisition of a 50-per-cent interest in the Goldstream mine project in the future.

About Camrova Resources Inc.

Camrova is a Canadian mining company, with a 7.24-per-cent interest in the Boleo copper-cobalt-zinc mine located in Baja California Sur, Mexico.

We seek Safe Harbor.

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