Pampa Metals and Rugby Resources Close Private Placements

Group 1: Pampa Metals Private Placement - Pampa Metals has closed a Private Placement, raising a total of $3,000,000 by issuing 18,750,000 Units at a price of $0.16 per Unit [2][3] - Each Unit consists of one common share and a half purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.30 for three years [2] - To date, Pampa Metals has issued 12,262,500 Units for gross proceeds of $1,962,000 and paid finder's fees of $30,240 [3] Group 2: Rugby Resources Private Placement - Rugby Resources is issuing 100,000,000 Units at a price of $0.025 per Unit, raising total gross proceeds of $2,500,000 [6] - Proceeds will be used to settle a $1 million loan, cover estimated transaction costs of $500,000 related to the acquisition by Pampa Metals, and for working capital [7] - Rugby paid finder's fees of $45,300 in connection with the Private Placement [8] Group 3: Acquisition Details - Pampa Metals is advancing a Definitive Agreement to acquire all outstanding common shares of Rugby, with a share exchange ratio of 1 Pampa share for every 6.4 Rugby shares [10][11] - Approximately 65,097,403 shares of Pampa Metals will be issued in exchange for all outstanding Rugby shares based on current share counts [11] Group 4: Related Party Transactions - Pampa Metals' President & CEO participated in the Private Placement with a $100,000 investment, classified as a related party transaction [4] - Rugby's insiders participated in the Private Placement for a total of 280,000 Units, also considered a related party transaction [9]