Business
Peruvian Metals Announces Private Placement
Edmonton, Alberta--(Newsfile Corp. - March 12, 2026) - Peruvian Metals Corp. (TSXV: PER) ("Peru...
About this update from Peruvian Metals Corp.
[{"type":"text","content":"Peruvian Metals Announces Private PlacementEdmonton, Alberta--(Newsfile Corp. - March 12, 2026) - Peruvian Metals Corp. (TSXV: PER) (\"Peruvian Metals\" or the \"Company\") is pleased to announce that it has arranged a non-brokered private placement for gross proceeds of up to $750,000 which will be used to make improvements and additions for expansion to its Aguila Norte processing plant, for potential new acquisitions, and for general working capital. The placement will consist of 5,000,000 units at a price of $0.15 per unit, each unit being comprised of one common share and one-half non-transferable share purchase warrant. The common shares, warrants, and any shares issued on the exercise of warrants will be subject to a hold period expiring four months and one day following the date of issue.Each warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.20 per common share for a period of two years following the closing date. The warrants will be subject to an acceleration clause; in the case that market price for the Company's common shares is equal to or greater than $0.40 per share for a period of five consecutive trading days at any point during the term of the warrants, then the Company may deliver a notice that the warrants must be exercised within thirty days from the date of delivery of such notice. Completion of the private placement is subject to final approval of the TSX Venture Exchange.About Peruvian Metals Corp.Peruvian Metals Corp. is a Canadian Exploration and Mineral Processing company. The Company's business model is to produce high grade concentrates from its 100% owned Properties. The Company continues to acquire and develop precious and base metal properties in Peru. For further information on Peruvian Metals Corp. please visit www.peruvianmetals.com.Peruvian Metals Corp. is a Canadian resource company listed on theTSX Venture Exchange: Symbol \"PER\"For additional information, contact: Jeffrey Reeder Tel: (647) 302-3290Website: www.peruvianmetals.com Email: [email protected] the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Disclosure Regarding Forward-Looking Statements: This press releas...