May 9th 2025. Burlington, ON. – Carmanah Minerals Corp. (CSE: CARM), (“Carmanah” or the “Company”) is pleased to announce the closing of a private placement financing.
The Company will issue 3,000,000 units at $0.02 per unit for gross proceeds of $60,000. Each unit consists of one common share and one common share purchase warrant exercisable at $0.05 for a period of 60 months from the date of issue.
Use of proceeds include working capital and exploration and evaluation expenditures.
About Carmanah Minerals Corp.
Carmanah Minerals Corp. (CSE: CARM) is a Canadian exploration company focused on advancing mineral projects with strong expansion potential. The company strategically targets assets where existing resources can be expanded through systematic exploration and development. Committed to responsible resource growth, Carmanah leverages industry expertise and strategic partnerships to maximize shareholder value while adhering to best practices.
For further information, please view the Company’s filings at www.sedarplus.ca.
ON BEHALF OF THE BOARD
Fraser Rieche
Chief Executive Officer, Director
Email: info@carmanahcorp.ca
Telephone: +1 (437) 836-1046
Disclaimer for Forward-Looking Information:
This news release includes certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as “pro forma”, “plans”, “expects”, “will”, “may”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release except as otherwise required by law.
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.