Pampa Metals Upsizes LIFE Offering to $6m

Core Viewpoint - Pampa Metals Corp. has increased its non-brokered private placement offering to 37,500,000 shares at a price of $0.16 per share, aiming to raise gross proceeds of $6,000,000 to fund exploration and general corporate purposes [1][4]. Group 1: Offering Details - The offering has been upsized to meet demand from specialist resources funds and is being conducted under the Listed Issuer Financing Exemption in Canada, excluding Quebec [2]. - An amended offering document will be available on SEDAR+ and the company's website for prospective investors to review before making investment decisions [3]. - The offering is not contingent upon the completion of the acquisition of Rugby Resources Ltd. and is subject to customary conditions for such transactions [7]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to exploration drilling at the Cobrasco copper porphyry discovery in Colombia, preparatory work for the Piuquenes copper-gold discovery in Argentina, and general corporate purposes [4]. Group 3: Acquisition of Rugby Resources Ltd. - The acquisition of Rugby Resources Ltd. is expected to be completed shortly after a special meeting of Rugby shareholders on July 16, 2025, to approve the acquisition plan [5]. Group 4: Financial Advisory and Fees - Canaccord Genuity Corp. has been appointed as the financial advisor for the offering and will receive a fee of 1% of the total gross proceeds raised [6]. - The company may also pay finder's fees of up to 5% in cash and 5% in finder's warrants, with warrants having an exercise price of $0.30 and a 2-year term [6]. Group 5: Company Overview - Pampa Metals is a copper-gold exploration company listed on the Canadian Stock Exchange, Frankfurt, and OTC exchanges, with significant interests in projects in Argentina and Colombia [9].