Pan American Energy Corp. announced a non-brokered private placement to issue units at an issue price of CAD 0.475 on March 7, 2024. Each unit consists of one common share and one Share purchase warrant entitling the holder to acquire one Share at a price of CAD 0.55 exercisable for 2 years.

On the same date, the company announced that it has issued 1,892,105 units at an issue price of CAD 0.475 per unit for the gross proceeds of CAD 898,749.88 in the first tranche. Each unit consists of one common share and one Share purchase warrant entitling the holder to acquire one Share at a price of CAD 0.55 exercisable for 2 years.