Pampa Metals Corporation announced a non-brokered private placement of 5,000,000 units at a price of CAD 0.24 per unit for gross proceeds of CAD 1,200,000 on March 27, 2024. Each unit will consist of one 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 0.40 for a period of 3 years after the closing of the placement.

The transaction included participation from insiders and supportive long-term shareholders. The anticipated closing date of the placement is April 15, 2024. 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 0.40 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.