Mr. Brad Brodeur reports
CANAMERA CLOSES $4.613 MILLION FINANCING BETWEEN LIFE OFFERING AND NON-BROKERED PRIVATE PLACEMENT
Further to its news releases dated Feb. 27, 2026, and March 12, 2026, Canamera Energy Metals Corp. has closed its non-brokered private placement under the listed issuer financing exemption of 3,844,409 units of the company, issued at a price of 55 cents per unit, for aggregate gross proceeds of $2,114,424.95.
Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one common share at a price of 65 cents for a period of 24 months from March 26, 2026.
The LIFE units were issued pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, as amended by the Canadian Securities Administrators' Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. Accordingly, the units will not be subject to a hold period in accordance with applicable Canadian securities laws.
In connection with the LIFE offering, the company paid $50,688 in cash finder's fees and issued 92,160 finder warrants. Each finder warrant entitles the holder to acquire one common share at a price of 65 cents for a period of 24 months from the closing date. The finder warrants are subject to a statutory hold period of four months and one day.
The company intends to use the net proceeds from the LIFE offering to advance its projects, maintain existing property acquisition obligations, for working capital and general corporate purposes, including investor relations and as more specifically described in the LIFE offering document filed on SEDAR+.
Concurrent non-brokered private placement
The company also wishes to announce the closing of its previously announced concurrent non-brokered private placement of 3,787,155 flow-through units, at a price of 66 cents per flow-through unit, for aggregate gross proceeds of $2,499,522.30.
Each flow-through unit consists of one flow-through common share and one-half of one common share purchase warrant. Each flow-through warrant will entitle the holder to acquire one common share at a price of 75 cents for a period of 24 months from the closing date.
In connection with the concurrent offering, the company paid $60,000.14 in cash finders' fees and issued 90,909 finder warrants. Each flow-through finder warrant entitles the holder to acquire one common share at a price of 75 cents for a period of 24 months from the closing date.
The company intends to use the proceeds of the concurrent offering to incur Canadian exploration expenses (CEE), such that they qualify as flow-through mining expenditures for purposes of the Income Tax Act (Canada) and can be renounced to the purchasers thereof.
All securities issued in connection with the concurrent offering are subject to a statutory hold period of four months and one day.
About Canamera Energy Metals Corp.
Canamera Energy Metals is a rare earth elements exploration and development company with an expanding project portfolio across Brazil, the United States, and Canada. The company is focused on advancing ionic clay REE (rare earth element) projects in Brazil and critical mineral assets in North America to support Western rare earth supply chain independence.
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