Camino Minerals Corporation

Camino Minerals Corporation

April 27, 2010 15:17 ET

Camino Minerals Corporation Grants Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 27, 2010) - Camino Minerals Corporation (TSX VENTURE:COR) ("Camino" or the "Company") reports that, prior to the listing of the common shares of Camino on the TSX Venture Exchange ("TSX-V") and effective on the closing of the acquisition by Goldcorp Inc. of Canplats Resources Corporation ("Canplats"), the Company granted 1,750,000 incentive stock options to directors and officers of the Company. The stock options are exercisable for a period of five years at an exercise price of $0.20 per share or at such higher price, if any, as required by the TSX-V. The options were granted under and are subject to the terms and conditions of the Company's Stock Option Plan. The Company's Stock Option Plan has not been approved by its shareholders. Accordingly, the stock options will not be exercisable until such time as shareholder approval of the Stock Option Plan is obtained, which the Company expects to seek at the next meeting of shareholders of the Company.

About Camino Minerals Corporation

Camino is a new mineral exploration company that was formed in connection with Goldcorp Inc.'s acquisition of Canplats. Camino is led by Canplats' former management, has approximately C$10-million in the treasury and is focused on precious and base metal projects located in Mexico.

To receive Camino's news releases, contact Blaine Monaghan, V.P., Corporate Development at or (866) 338-0047. 

Cautionary Note Regarding Forward-Looking Statements

Statements contained in this news release that are not historical fact are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 and forward-looking information under the provisions of Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties include, but are not limited to, the company's ability to raise sufficient capital to fund exploration, changes in economic conditions or financial markets, changes in prices for the company's mineral products or increases in input costs, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments in Mexico, technological and operational difficulties or inability to obtain permits encountered in connection with exploration and development activities, labour relations matters, and changing foreign exchange rates, all of which are described more fully in Camino's filings on SEDAR. The company undertakes no obligation to publicly update or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors, except as required by law. Readers are cautioned not to place undue reliance on forward-looking statements.

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.

Contact Information

  • Camino Minerals Corporation - Corporate Information
    R.E. Gordon Davis
    Chairman and C.E.O.
    Direct: (604) 629-8292
    Camino Minerals Corporation - Investor Inquiries
    Blaine Monaghan
    V.P., Corporate Development
    Direct: (604) 629-8294 or Toll-Free: (866) 338-0047