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Pampa Metals Announces Private Placement, Early Warrant Exercise and Further Strengthens Team
February 5, 2025 – TheNewswire - Vancouver, British Columbia - Pampa Metals Corp. (“Pampa Metals” or the “Company”) (CSE: PM / FSE: FIRA / OTCQX®: PMMCF) is ple
About this update from Andina Copper Corporation.
[{"type":"text","content":"February 5, 2025 – TheNewswire - Vancouver, British Columbia - Pampa Metals Corp. (“Pampa Metals” or the “Company”) (CSE: PM / FSE: FIRA / OTCQX®: PMMCF) is pleased to announce a non-brokered private placement for gross proceeds of up to $3,000,000. The Company also advises of the appointments of Dr Stuart Smith as Senior Technical Advisor and Jordan Webster as Investor Relations Advisor and, of the early exercise of warrants by the President & CEO, insiders and other supportive long-term shareholders. Private Placement The Company is pleased to announce a non-brokered private placement (the “Placement”) of up to 18,750,000 units (“Units”) at a price of $0.16 per Unit for gross proceeds of up to $3,000,000 (“Proceeds”). Each Unit will consist of one fully paid common share and a half purchase warrant. Each whole warrant (a “Warrant”) shall entitle the holder to acquire an additional common share at a price of $0.30 for a period of 3 years after the closing of the Placement. Proceeds will fund continuing exploration at the Piuquenes Copper-Gold Porphyry Project, where the Company recently intersected a second porphyry system ((refer 3 February 2025 News Release). The anticipated closing date of the Placement is 28 February 2025. In connection with the Placement, the Company may pay finder’s fees of up to 6% cash and 6% warrants. The Placement is subject to CSE acceptance. Any securities issued in connection with the Placement will be subject to a four-month hold period, in accordance with securities laws and the policies of the Canadian Securities Exchange, as applicable. Key Appointments Dr Stuart Smith – Senior Technical Advisor Dr Smith has over 30 years of technical experience, with a strong track record of discovery within both brownfield and greenfield projects across 15 countries. Formerly Technical Director – Strategy and New Projects for Teck Resources, Chief Geologist for Oxiana-OZ Minerals-MMG group of companies, founder and Chief Geologist for G-Resources, Tigers Realm, and various EMR portfolio companies. Jordan Webster – Investor Relations Advisor Jordan is a geologist with over 5 years’ experience across geological mapping, brownfield and greenfield drill supervision and target generation. Since 2023 Jordan has been based in Argentina and focused on his online publications across cyclical investing, geolo...