Pampa Metals Corp. (CSE:PM) (FSE:FIRA) (OTCQB:PMMCF) has announced a non-brokered private placement. The company is looking to raise gross proceeds of up to $800,000 from the placement of up to 5,333,333 units priced at $0.15 per unit. The units consist of 1 share and 1 warrant, with the warrant exercisable at $0.21 for 36 months.
The company is looking to raise gross proceeds of up to $800,000 from the placement of up to 5,333,333 units priced at $0.15 per unit.
The units consist of 1 share and 1 warrant, with the warrant exercisable at $0.21 for 36 months.
Additional Information:
Video Transcript:
Pampa Metals Corp. (CSE:PM) (FSE:FIRA) (OTCQB:PMMCF) has announced a non-brokered private placement.
The company is looking to raise gross proceeds of up to $800,000 from the placement of up to 5,333,333 units priced at $0.15 per unit.
The units consist of 1 share and 1 warrant, with the warrant exercisable at $0.21 for 36 months.
The shares are currently trading at $0.145.
The units are being offered under the Listed Issuer Exemption in all provinces except Quebec, whereby Canadian residents are not required to be accredited investors.
Pampa Metals wholly owns a 47,400 hectare portfolio of seven projects highly prospective for copper, molybdenum and gold located along proven and highly productive mineral belts in Chile, one of the world's top mining jurisdictions.
Proceeds will be used to support the recently announced approximately 2,100 meter diamond drill program at the Buenavista target and the Block 4 Project more broadly.
The Block 4 project area consists of approximately 6,800 Ha of 100% owned tenement comprising both exploration and mining concessions.
Access to the property is via a variety of moderate quality dirt roads leading off from the Pan-American Highway to the west, and other access points.
The Buenavista Target, displaying characteristics indicative of a large, fertile, tertiary aged, porphyry copper-molybdenum-gold system, is located along the world's preeminent porphyry copper belt in northern Chile.
The company is scheduled to start a program of 3 deep holes in early April, designed to test coincident geological, geochemical, and geophysical anomalies at the Buenavista target and the Block 4 Project more broadly.
The program is expected to be completed within 2 months, with assay results expected in June.
For more information, please visit the company’s website at www.PampaMetals.com, contact Joseph van den Elsen, President & CEO, at 604-347-8777 or by email at joseph@PampaMetals.com.
