Business
American Pacific Closes Sale of the Palmer Copper-Zinc VMS Project to Vizsla Copper for $15 Million in Equity plus up to $15 Million in Milestone Payments
(All dollar amounts are expressed in Canadian dollars unless otherwise indicated)Vancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - American Pacific Mining Corp. (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC1) ("American Pacific" or the "Company") is pleased to announce the closing of its previously announced transaction with Vizsla Copper Corp. ("Vizsla Copper" or the "Purchaser") pursuant to an amended and restated share purchase agreement dated December 2, 2025 (the "Purchase...
About this update from American Pacific Mining Corp.
[{"type":"text","content":"(All dollar amounts are expressed in Canadian dollars unless otherwise indicated)","length":81,"tagName":"p","attribs":{}},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - American Pacific Mining Corp. (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC1) ("American Pacific" or the "Company") is pleased to announce the closing of its previously announced transaction with Vizsla Copper Corp. ("Vizsla Copper" or the "Purchaser") pursuant to an amended and restated share purchase agreement dated December 2, 2025 (the "Purchase Agreement") for the sale of the Palmer VMS Project, located in southeast Alaska (the "Palmer Project"). Under the Purchase Agreement, the Company sold all of the issued and outstanding securities of Constantine Metal Resources Ltd. ("CMR") to Vizsla Copper for 13,888,888 post-consolidation common shares in the capital of Vizsla Copper (each, a "Consideration Share") having an aggregate value of $15,000,000 and certain milestone payments for up to $15,000,000 in additional compensation (the "Transaction").","length":1010,"tagName":"p"},{"type":"text","content":"Transaction Terms","length":17,"tagName":"p"},{"type":"text","content":"Pursuant to the terms of the Purchase Agreement, the Company has sold all of the outstanding shares of CMR to Vizsla Copper for 13,888,888 Consideration Shares, at a deemed price of $1.08 per Consideration Share, being the price of the non-flow-through post-consolidation common shares issued by Vizsla Copper in its concurrent financing for approximately $44,000,000 and representing an aggregate purchase price of $15,000,000. Vizsla Copper has also agreed to make the following milestone payments to the Company: (i) $5,000,000 payable upon the public disclosure by Vizsla Copper of an updated mineral resource estimate for the Palmer Project prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), which delineates a total of not less than 22 million tonnes of mineralized material; and (ii) $10,000,000 payable upon the commencement of commercial production at the Palmer Project (collectively, the "Milestone Payments").","length":1007,"tagName":"p"},{"type":"text","content":"As a result of the...