23:21:20 EDT Sat 05 Jul 2025
Enter Symbol
or Name
USA
CA



American Pacific Mining Corp (2)
Symbol USGD
Shares Issued 219,088,052
Close 2025-07-02 C$ 0.225
Market Cap C$ 49,294,812
Recent Sedar Documents

American Pacific to extend 3.88 million warrants

2025-07-02 21:02 ET - News Release

Mr. Warwick Smith reports

AMERICAN PACIFIC ANNOUNCES EXTENSION OF EXPIRY DATE OF WARRANTS

American Pacific Mining Corp. is extending by one year the expiration date of 3,888,849 common share purchase warrants, originally issued to the holders on Aug. 12, 2021, pursuant to a private placement.

The warrants are exercisable into common shares of the company at a price of 34 cents per share and currently have an expiry date of Aug. 12, 2025. The company is extending the expiry date of the warrants to 4 p.m. PST on Aug. 12, 2026. All other terms and conditions of the warrants, including the exercise price, remain the same.

Certain warrants that are being extended are held by a 10-per-cent insider of the company. Therefore, the extension of the expiry date of the warrants is considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to Section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to Section 5.7(1)(a) in respect of such insider participation as the fair market value of the transaction, insofar as it involves an interested party, does not exceed 25 per cent of the company's market capitalization.

About American Pacific Mining Corp.

American Pacific Mining is a precious and base metals explorer and developer focused on opportunities in the Western United States. The company has two flagship assets: the 100-per-cent-owned Palmer project, a volcanic massive sulphide-sulphate (VMS) project in Alaska; and the 100-per-cent-owned Madison project, a past-producing copper-gold project in Montana. For the Madison transaction, American Pacific was selected as a finalist in both 2021 and 2022 for Deal of the Year at the S&P Global Platts Metals Awards, an annual program that recognizes exemplary accomplishments in 16 performance categories. Also, in American Pacific's asset portfolio are three high-grade, precious metals projects located in key mining districts of Nevada: the Ziggurat gold project; the Gooseberry silver-gold project; and the Tuscarora gold-silver project. The company's mission is to grow by the drill bit and by acquisition.

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