Pampa Metals Closes $3.4m Private Placement

Vancouver-based Pampa Metals Corp. has successfully issued 12,581,291 units at $0.27 each, raising $3,396,950 through a fully subscribed private placement. Each unit consists of one common share and a half purchase warrant, allowing the acquisition of an additional share at $0.50 for three years. The funds will support ongoing exploration at the Piuquenes Copper-Gold Porphyry Project.

The project recently reported promising results from its third drillhole, including significant copper and gold mineralization over multiple intervals. Proceeds will further the company's exploration efforts. An additional tranche of $150,000 is anticipated to close on July 15, 2024.

The private placement involved the payment of $176,580 in finder’s fees and the issuance of 654,000 finder’s warrants, subject to a four-month hold period in compliance with Canadian securities laws.