June 13, 2025 – Vancouver, British Columbia – TheNewswire - Pampa Metals Corp. (“Pampa Metals” or the “Company”) (CSE: PM / FSE: FIRA / OTCQX®: PMMCF) is pleased to announce a non-brokered private placement for gross proceeds of a minimum of $4,000,000 and a maximum of $5,000,000, through the issue of up to 31,250,000 shares at a price of $0.16 per share. Canaccord Genuity Corp. has been appointed as financial advisor to the Company in connection with the LIFE Offering.
The shares will be offered to purchasers pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106- Prospectus Exemptions, in each of the Provinces of Canada except Quebec (the “LIFE Offering”). The shares offered will not be subject to a Canadian hold period in accordance with applicable Canadian securities laws.
There is an offering document related to the LIFE Offering that will be made available under the Company's profile on SEDAR+ at www.sedarplus.com. The offering document will also be made available on the issuer’s website at www.pampametals.com. Prospective investors of the Units should read the Offering Document before making an investment decision.
The Company intends to use the net proceeds from the LIFE Offering to fund exploration at the Company’s Piuquenes Project, and upon completion of the previously announced acquisition of Rugby Resources Ltd. (see news release dated April 22, 2025) the Cobrasco Project, as well as for working capital and general corporate purposes, as more specifically described in the offering document. The LIFE Offering is scheduled to close on or around June 27, 2025. The LIFE Offering remains subject to certain conditions customary for transactions of this nature, including, but not limited to and compliance with CSE policies.
The securities to be offered pursuant to the LIFE Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Financial Advisor to the LIFE Offering
Canaccord Genuity Corp. has been appointed as financial advisor to the Company in connection with the LIFE Offering and will receive an advisory fee equal to 1% of the total gross proceeds raised pursuant to the LIFE Offering.
In connection with the LIFE Offering, the Company may pay finder’s fees of up to 5% cash and 5% finder’s warrants. Finder’s warrants will have an exercise price of $0.30 and a 2-year term.
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 80% interest in the Piuquenes Copper-Gold Porphyry Project in San Juan Province, Argentina. In April of 2025 the Company announced an agreement to acquire 100% of Rugby Resources Ltd. and on closing will hold an 80% interest in the Cobrasco Project, located in Colombia.
ON BEHALF OF THE BOARD
Joseph van den Elsen | President & CEO | This email address is being protected from spambots. You need JavaScript enabled to view it.
INVESTOR CONTACT
Jordan Webster | This email address is being protected from spambots. You need JavaScript enabled to view it.
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 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.
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