(via Thenewswire.ca)
Vancouver, BC / TheNewswire / Cameo Resources Corp. (the "Company") wishes to announce a non-brokered private placement for the sale of up to 26,666,667 units at a price of $0.03 per unit raising a total of up to $800 ,000 . Each unit consists of one common share of the Company and one share purchase warrant entitling the holder to purchase one additional common share for a period of two years at the exercise price of $0.05 per share.
The Company shall use the proceeds of the offering as follows:
1. $350,000 for redemption of a Shareholder loan;
2. $100,000 for corporate expenses (legal, audit, AGM and miscellaneous);
3. $250,000 towards the continuing exploration program on its MEG Gold property ; and
4. $100,000 for unallocated working capital.
Based on the foregoing, and concurrent with the completion of the private placement, the Company will apply for its graduation to Tier 2 of the TSX Venture Exchange.
A finder's fee of a combination of cash, shares and/or warrants will be paid to eligible finders in relation to this financing, all in accordance with regulatory policies.
This private placement is subject to approval by the TSX Venture Exchange.
About Cameo Resources Corp.
The Company is in the business of exploring mineral properties and is considered to be an enterprise in the exploration stage.
ON BEHALF OF THE BOARD
Per: "Souhail Abi-Farrage"
Souhail Abi-Farrage, Director
For further information contact:
Tel: (778) 891-2701
Email: abbyfarrage57@gmail.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Copyright (c) 2015 TheNewswire - All rights reserved.
© 2024 Canjex Publishing Ltd. All rights reserved.