Pampa Metals Upsizes Fully Subscribed Private Placement to $2m
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VANCOUVER, BC / ACCESSWIRE / April 8, 2024 / Pampa Metals Corp. ("Pampa Metals" or the "Company") (CSE:PM)(FSE:FIRA)(OTCQB:PMMCF) has upsized the non-brokered private placement (the "Placement") announced on 28 March 2024 to 8,333,334 units ("Units") at a price of
The Placement has been upsized to accommodate a specialist resources fund alongside insiders and supportive long-term shareholders.
Proceeds will fund continuing exploration at the Piuquenes Copper-Gold Porphyry Project, where the Company recently reported results from the first drillhole (refer 18 March 2024 News Release) including:
422 m @
including 132 m @
Including 80 m @
The anticipated closing date of the Placement is Monday April 15, 2024.
In connection with the Placement, the Company may pay finder's fees of up to
Any securities issued in connection with the Placement will be subject to a four-month hold period, in accordance with securities laws and the policies of the Canadian Securities Exchange, as applicable. The Placement is subject to CSE acceptance.
ON BEHALF OF THE BOARD INVESTOR CONTACT
Joseph van den Elsen | President & CEO Joseph van den Elsen | Joseph@pampametals.com
ABOUT PAMPA METALS
Pampa Metals is a copper-gold exploration company listed on the Canadian Stock Exchange (CSE:PM), Frankfurt (FSE: FIR), and OTC (OTCQB: PMMCF) exchanges.
In November 2023, the Company announced it had entered into an Option and Joint Venture Agreement for the acquisition of an
413.5 m@
422 m @
including 132m @
including 80m @
558.2 m @
including 130 m @
Qualified Person
Technical information in this news release has been approved by Mario Orrego G. Mr. Orrego G. is a Geologist, a Registered Member of the Chilean Mining Commission and a Qualified Person as defined by National Instrument 43-101. Mr. Orrego G. is a consultant to the Company.
* %CuEq values are calculated based on copper and gold metal prices: Cu = US
Neither the CSE nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENT
This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that Pampa Metals expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects" and similar expressions, or that events or conditions "will" or "may" occur. These statements are subject to various risks. Although Pampa Metals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guaranteeing of future performance and actual results may differ materially from those in forward-looking statements.
SOURCE: Pampa Metals Corp.
View the original press release on accesswire.com
FAQ
How many units were upsized in the private placement by Pampa Metals Corp.?
At what price per unit were the units sold in the private placement by Pampa Metals Corp.?
What is the total amount raised by Pampa Metals Corp. through the private placement?
What project will the proceeds from the private placement fund for Pampa Metals Corp.?