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July 4, 2025 – TheNewswire - Vancouver, British Columbia - Pampa Metals Corp. (“Pampa Metals” or the “Company”) (CSE: PM / FSE: FIRA / OTCQX®: PMMCF) is pleased to advise the upsize of its previously announced non-brokered private placement offering to 37,500,000 shares at a price of $0.16 per share, for gross proceeds of $6,000,000 (the “Offering”).
The Offering has been upsized to partially fill demand from specialist resources funds and is being made 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 shares offered will not be subject to a Canadian hold period.
An amended and restated offering document (the “Amended Offering Document”) related to the LIFE Offering will be made available under the Company's profile on SEDAR+ at www.sedarplus.com. The Amended Offering Document will also be made available on the issuer’s website at www.pampametals.com. Prospective investors of the shares should read the Amended Offering Document before making an investment decision.
Subject to completion of the previously announced acquisition of Rugby Resources Ltd. (“Rugby”) (refer news release dated April 22, 2025) the Company intends to use the net proceeds of the Offering to fund exploration drilling at the Cobrasco copper porphyry discovery in Colombia, preparatory work for the upcoming field season at the Piuquenes copper-gold discovery in Argentina, and working capital and general corporate purposes, as more specifically described in the Amended Offering Document.
Completion of the acquisition of Rugby is expected to occur shortly after the special meeting of Rugby shareholders to be held on 16 July 2025 to approve the Plan of Arrangement for its acquisition by Pampa Metals.
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.
The Offering is not subject to closing the acquisition of Rugby Resources Ltd and remains subject to certain conditions customary for transactions of this nature, including, but not limited to, compliance with CSE policies. It is anticipated that the upsized Offering will close on or before July 22, 2025.
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.
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 | Joseph@pampametals.com
INVESTOR CONTACT
Jordan Webster | jordan@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.
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