On December 28, 2023, Pampa Metals Corporation closed the transaction. The company issued 2,250,000 units at an issue price of CAD 0.16 per unit for gross proceeds of CAD 360,000 in the final tranche. Each unit consists of one fully paid common share and a half share purchase warrant entitling the holder to acquire an additional common share at a price of CAD 0.30 for a period of three years after the closing of the offering.

The transaction will include participation from two directors of the company in the combined amount of CAD 87,400