Pampa Metals Corporation announced a non-brokered private placement of up to 10,000,000 post-consolidation units at a price of CAD 0.05 per unit for the gross proceeds of CAD 500,000 on August 10, 2023. Each unit will consist of one fully paid common share and one common share purchase warrant. Each warrant shall entitle the holder to acquire an additional common share at a price of CAD 0.075 for a period of 3 years.

In connection with the offering, the company may pay finder?s fees of up to 7% in cash and 7% in finder?s warrants. The finder?s warrants will be on the same terms as those issued under the offering. The closing of the offering may occur in one or more tranches with the final tranche expected to occur on or before September 10, 2023.

The transaction is subject to the approval of the all necessary regulatory authorities.