Business
Pampa Metals Upsizes LIFE Offering to $6 Million
July 4, 2025 – TheNewswire - Vancouver, British Columbia - Pampa Metals Corp. (“Pampa Metals” or the “Company”) (CSE: PM / FSE: FIRA / OTCQX®: PMMCF) is pleased
About this update from Andina Copper Corporation.
[{"type":"text","content":"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 Resour...