Pampa Metals Increases Private Placement to $2 Million Amid High Demand

Pampa Metals Corp. has announced an upsize of its previously stated non-brokered private placement to reach a total of $2 million in proceeds. The company, trading under various stock exchange symbols including PM on the CSE, FIRA on the FSE, and PMMCF on the OTCQB, is offering 8,333,334 units at $0.24 each. These units include one common share and a half purchase warrant, with each full warrant allowing the holder to buy an additional share at $0.40 for three years post-closing.

The increase in the placement's size is to accommodate a specialist resources fund, insiders, and supportive long-term shareholders. These funds are earmarked for continuing exploration at the Piuquenes Copper-Gold Porphyry Project, which has shown promising results including significant percentages of copper, gold, and silver.

Set for closing on April 15, 2024, the placement might involve up to 7% in cash and finder's warrants as finder's fees. Any securities issued will abide by a four-month hold period as per securities laws. Pampa Metals Corp.'s exploration and development efforts focus on the copper and gold project in San Juan Province, Argentina, with previously reported significant mineralization findings.