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Pampa Metals Corp (2)
Symbol PM
Shares Issued 29,117,310
Close 2023-09-18 C$ 0.08
Market Cap C$ 2,329,385
Recent Sedar Documents

Pampa Metals arranges $250,000 private placement

2023-09-18 18:09 ET - News Release

Subject: Pampa Metals NR for dissemination 2023.09.18 PDF Document File: Attachment PM - NR - PP - FINAL - 18-09-2023.pdf PM CSE www.pampametals.com Pampa Metals Launches Non-Brokered Private Placement ________________________________________________________________________ (CSE: PM) (FSE: FIRA) (OTCPK: PMMCF) For Immediate Release September 18, 2023 Vancouver, British Columbia Pampa Metals Corp. ("Pampa Metals" or the "Company") (CSE: PM / FSE: FIRA / OTCQXtrademark: PMMCF) has today announced its intention to launch a non-brokered private placement offering (the "Offering") of up to 5,000,000 units ("Units") at a price of $0.05 per Unit for gross proceeds of up to $250,000. Each Unit consists of one fully paid common share and one purchase warrant entitling the holder to acquire an additional common share at a price of $0.075 for a period of 3 years after the closing of the Offering. Proceeds from the Offering will be primarily used to assess, and potentially acquire, advanced stage copper project(s) in The Americas. Non-Brokered Private Placement Following the 11 September 2023 News Release confirming the issuance of 9,000,000 units at a price of $0.05 per Unit for gross proceeds of $450,000, the Company now intends to launch a non-brokered private placement offering (the "Offering") of up to an additional 5,000,000 Units, for additional gross proceeds of up to $250,000. Each Unit consists of one fully paid common share and one purchase warrant entitling the holder to acquire an additional common share at a price of $0.075 for a period of 3 years after the closing of the Offering. The closing of the Offering may occur in one or more tranches, with the final tranche expected to occur on or before Friday 13 October, 2023, and is subject receipt of all necessary regulatory approvals. Use Of Proceeds Proceeds from the Offering will be primarily used to assess, and potentially acquire, advanced stage copper project(s) in The Americas, where the application of the Company's technical and commercial expertise in exploration, resource delineation and feasibility studies can be applied to creating value for shareholders. High quality copper projects in other jurisdictions which meet our criteria will be assessed on an opportunistic basis. Specifically, the Company is seeking to acquire a project with the following characteristics: dot Historic ore grade interval(s); dot Opportunity to quickly establish a meaningful initial Mineral Resource Estimate; dot Conceptual copper production profile of +30-50,000 tpa; and dot Conceptual capex of <$500m. A small number of projects with the potential to meet the above criteria are in the early stages of review. {00033229:2} ABOUT PAMPA METALS Pampa Metals is listed on the Canadian Stock Exchange (CSE: PM), Frankfurt (FSE: FIRA), and OTC (OTCQBtrademark: PMMCF) exchanges, and wholly owns a portfolio of projects highly prospective for copper, molybdenum, and gold along proven and highly productive mineral belts in Chile, the world's largest copper producer. www.pampametals.com ON BEHALF OF THE BOARD INVESTORS CONTACT Joseph van den Elsen | President & CEO Joseph van den Elsen | President & CEO joseph@pampametals.com 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. {00033229:2}

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