Camino Announces Warrant Repricing

TSX Venture Symbol: COR
OTCQB Symbol: CAMZF
Frankfurt: XC01

VANCOUVER, July 27, 2018 /CNW/ - Camino Minerals Corporation ("Camino" or the "Company") (COR: TSX-V) announces that subject to acceptance by the TSX Venture Exchange, the Company wishes to amend the exercise price of 5,300,000 outstanding common share purchase warrants of the Company issued as part of the financing announced June 1, 2017. The exercise price of the share purchase warrants will be amended from $1.35 per common share to $0.20 per common share.  In accordance with TSX Venture Exchange Policy 4.1, the Warrants will be subject to an acceleration clause: should the closing price of the common shares of the Company on the TSX Venture Exchange be $0.27 or higher for ten consecutive trading days, the Company must accelerate the expiry of the warrants to the date that is 30 business days from the date of the issuance of a news release by the Company announcing the exercise of the acceleration right.  All other terms of the warrants remain the same, including the expiry date of May 30, 2019.

About Camino Minerals Corporation

Camino is a discovery-oriented mineral exploration company. The Company is focused on the acquisition and development of high-grade copper and precious metal projects. For more information, please refer to Camino's website at www.caminominerals.com.

Cautionary Note Regarding Forward-Looking Statements and Information

This News Release contains "forward-looking information" and "forward looking statements" within the meaning of applicable Canadian and United States securities legislation. Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words "anticipates," "believes," "may," "continues," "estimates," "expects," and "will" and words of similar import, constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995.

Forward-looking information may include, but is not limited to, information with respect to our planned exploration activities, the adequacy of our financial resources, the estimation of mineral reserves and resources, the results of future exploration and drilling.  Wherever possible, words such as "plans", "expects", "projects", "assumes", "budget", "strategy", "scheduled", "estimates", "forecasts", "anticipates", "believes", "intends", "targets" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions, have been used to identify forward-looking statements and information.

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation, those risks identified in the Company's annual disclosure materials, filed with the securities regulatory authorities in Canada and available at www.sedar.com.  Readers are encouraged to read these materials.  Prospective investors should not place undue reliance on forward-looking information.

Neither the 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.

SOURCE Camino Minerals Corporation

View original content: http://www.newswire.ca/en/releases/archive/July2018/27/c4099.html