Pampa Metals Corp. Issues Final Tranche of Private Placement
Pampa Metals Corp. ("Pampa Metals" or the "Company") (CSE:PM / FSE:FIR / OTCQB:PMMCF) advises that it has issued the final tranche of units under the Private Placement detailed in a February 5, 2025 News Releases. Pampa Metals Private Placement
In aggregate, Pampa Metals has issued a total of 18,750,000 Units at a price of $0.16 per Unit for total gross proceeds of $3,000,000 (the "Private Placement"). Each Unit consists of one fully paid common share and a half purchase warrant. Each whole warrant shall entitle the holder to acquire an additional common share at a price of $0.30 for a period of 3 years.
President & CEO Joseph van den Elsen participated in the Private Placement in the amount of $111,424.
In connection with the Private Placement, Pampa Metals paid aggregate finder's fees of $30,240 and issued 189,000 finder's warrants. Consequently, the Company now has a total of 107,473,718 shares issued and outstanding.
Any securities issued in connection with the Private Placement are subject to a four-month hold period, in accordance with securities laws and the policies of the Canadian Securities Exchange.
Pampa Metals to Acquire Rugby Resources
Pampa Metals and Rugby continue to advance the Definitive Agreement contemplated in the 19 February 2025 News Release, advising of the proposed acquisition by Pampa Metals of all the issued and outstanding common shares of Rugby. The acquisition is to be by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia), in exchange for common shares of Pampa Metals on the basis of 1 Pampa Metals share for every 6.4 Rugby shares.
Based on the current number of issued and outstanding common shares of Rugby, Pampa would issue approximately 65,097,403 shares in exchange for all of the outstanding Rugby shares.
ON BEHALF OF THE PAMPA BOARD INVESTOR CONTACT
Joseph van den Elsen | President & CEO Jordan Webster | joseph@pampametals.com Jordan@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, Pampa Metals announced it had entered into an Option and Joint Venture Agreement for the acquisition of an 80% interest in the Piuquenes Copper-Gold Porphyry Project in San Juan Province, Argentina.
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.
Neither the CSE, nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
