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Camino Minerals Corporation (TSXV:COR)(OTC PINK:CAMZF) ("Camino" or the "Company") is pleased to announce that, further to its news release of January 10, 2025, it will implement the consolidation (the "Consolidation") of the common shares in the capital of the Company (the "Common Shares") on the basis of six (6) pre-Consolidation Common Shares for every one (1) post-Consolidation Common Share. The Consolidation will take effect at market open on Monday, January 20, 2025.
The Consolidation will reduce the number of outstanding Common Shares, from 209,251,638 pre-Consolidation Common Shares to approximately 34,875,273 post-Consolidation Common Shares. The proportional ownership of shareholders in the Company will remain unchanged following the Consolidation.
The Company's name will remain unchanged after the Consolidation. The new CUSIP number for the post-Consolidation Common Shares will be 138050307 and the new ISIN number for the post-Consolidation Common Shares will be CA1380503070.
No fractional post-Consolidation Common Shares will be issued as a result of the Consolidation. In the event that the Consolidation would otherwise result in a shareholder of the Company holding a fraction of a post-Consolidation Common Share, such fractional share, if less than one-half, will be rounded down to zero and cancelled (without any compensation therefor) and, if equal to or greater than one-half, will be rounded up to one whole post-Consolidation Common Share and added to the number of post-Consolidation Common Shares which the shareholder is entitled to receive.
The exercise or conversion price, and the number of shares issuable under any of the Company's outstanding convertible securities, will be proportionately adjusted in accordance with their terms upon the effectiveness of the Consolidation.
Registered shareholders who hold physical certificates representing pre-Consolidation Common Shares will receive a letter of transmittal requesting that they forward such physical share certificates to the Company's transfer agent, Odyssey Trust Company, in exchange for new physical share certificates representing post-Consolidation Common Shares.Shareholders who hold Common Shares through a broker or other intermediary and do not have Common Shares registered in their own name will not be required to complete a letter of transmittal.
About Camino
Camino is a discovery and development stage copper exploration company. On October 7, 2024, Camino signed a Definitive Agreement to purchase the construction-ready Puquios copper mine in Chile. Camino is focused on developing copper producing assets such as Puquios, and advancing its IOCG Los Chapitos copper project located in Peru through to resource delineation and development, and to add new discoveries. Camino has also permitted the Maria Cecilia copper porphyry project for exploration discovery drilling to add to its NI 43-101 resources. In addition, Camino has increased its land position at its copper and silver Plata Dorada project. Camino seeks to acquire a portfolio of advanced copper assets that have the potential to deliver copper into an electrifying copper intensive global economy. For more information, please refer to Camino's website at www.caminocorp.com.