Pampa Metals Closes Final Tranche of $3.55m Private Placement

Pampa Metals Corp. (CSE:PM)(FSE:FIRA)(OTCQB®:PMMCF) has announced the issuance of a final tranche of 555,556 units under its fully subscribed private placement. The company has now issued a total of 13,136,847 units at $0.27 per unit, generating gross proceeds of $3,546,949.

Each unit includes one fully paid common share and a half purchase warrant. Each warrant allows the holder to acquire an additional common share at $0.50 within three years of the private placement's closing.

The funds will support ongoing exploration at the Piuquenes Copper-Gold Porphyry Project. Recent drill results include intervals showcasing significant copper, gold, and silver concentrations.

In connection with the private placement, Pampa Metals paid aggregate finder's fees of $176,580 and issued 654,000 finder's warrants. All securities issued are subject to a four-month hold period per Canadian securities laws.