Pampa Metals Corporation announces non brokered private placement of 7,500,000 units at an issue price of CAD 0.16 for gross proceeds of CAD 1,200,000 on December 8, 2023. Each Unit will consist of one fully paid common share and a half purchase warrant. Each whole warrant shall entitle the holder to acquire an additional common share at a price of CAD 0.30 for a period of 3 years after the closing of the Placement.

In connection with the Placement, the Company may pay finder?s fees of up to 7% in cash and 7% in finder?s warrants from the sale of Units to third parties sourced by finders. Finder?s warrants will be on the same terms as those issued under the Placement and entitle the holder to purchase one common share of the Company at a price of CAD 0.30 per share for a period of 3 years from the closing date. Any securities issued in connection with the Placement will be subject to a four-month hold period, in accordance with securities laws and the policies of the Canadian Securities Exchange, as applicable.

The Placement is subject to CSE acceptance. The transaction is expected to close on December 18, 2023.