Camrova Resources Announces Closing of Private Placement

camrovapressreleaseclosingofprivateplacementv3_may30-2018

Toronto, Ontario, May 30, 2018 – Camrova Resources Inc. (“Camrova” or the “Company”) (TSX-V: CAV; OTC: BAJFF) announces that it has closed the non-brokered private placement (the ”Private Placement”) of units (the “Units”) of the Company at a price of Cdn. $0.08 per Unit, issuing an aggregate of 2,830,000 Units to raise gross proceeds of Cdn $ 226,400. Each Unit consists of one common share (a “Common Share”) of the Company and one common share purchase warrant (a “Warrant”). Each
Warrant is exercisable into one Common Share (a “Warrant Share”) for a period of 24 months from closing at Cdn. $0.15 per Warrant Share, provided, however, that in the event the volume-weighted average price of the Common Shares on the TSX Venture Exchange for any 20 consecutive trading days equals or exceeds Cdn. $0.30, the Company may, upon providing written notice to the holders of Warrants, accelerate the expiry date of the Warrants to the date that is 30 days following the date of such
written notice.

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