11:00 AM EDT, 03/27/2026 (MT Newswires) -- Canamera Energy Metals ( EMETF ) overnight Thursday said it closed its non-brokered private placement under the LIFE Exemption of 3.8-million units, issued at $0.55 apiece, for $2.1 million and its previously announced concurrent non-brokered private placement of 3.8-million flow-through units, at $0.66 apiece, for $2.5 million. Shares down 12%.

The company said each unit consists of one common share and one-half of one common share purchase warrant with each warrant entitling the holder to buy a share for $0.65 for a two-year period from March 26, 2026. Proceeds from the LIFE offering will be used to advance its projects, maintain existing property acquisition obligations, and for working capital and general corporate needs.

Each FT unit consists of one flow through common share and one-half of one common share purchase warrant with each FT warrant entitling the holder to buy a share for $0.75 for a two-year period from the closing date. Proceeds from the concurrent offering will be used to incur "Canadian exploration expenses", 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.

Shares of the company were last seen down $0.05 at $0.36 on the Canadian Securities Exchange.

Price: 0.36, Change: -0.05, Percent Change: -12.20