Pampa Metals Upsizes Fully Subscribed Private Placement to $3.5m

Pampa Metals Corp. ("Pampa Metals" or the "Company") has increased its non-brokered private placement to $3.5 million. The placement now includes 12,951,852 units at $0.27 per unit. Each unit will consist of one common share and half a purchase warrant. Each whole warrant allows the holder to acquire an additional common share at $0.50 within three years.

The upsized placement accommodates long-term shareholders and an investment by a natural resources fund. Funds will support ongoing exploration at the Piuquenes Copper-Gold Porphyry Project. Recent drill results include notable copper, gold, and silver findings.

The first tranche of the placement is set to close on June 28, with a final tranche on July 5. Finders' fees up to 6% in cash and warrants may be paid. The placement is subject to CSE acceptance, and issued securities will have a four-month hold period.