Pampa Metals and Rugby Resources Complete Arrangement Transaction

Core Viewpoint - Pampa Metals Corporation has successfully acquired Rugby Resources Ltd, enhancing its portfolio with significant copper exploration projects in South America, particularly the Cobrasco and Mantau projects [1][14]. Acquisition Details - The acquisition involved the issuance of 65,165,185 common shares of Pampa Metals to former Rugby shareholders at a ratio of one Pampa Share for every 6.4 Rugby Shares [1]. - Following the acquisition, former Rugby shareholders will hold approximately 30.86% of the issued and outstanding Pampa Shares [6]. Leadership Changes - Bryce Roxburgh, the outgoing President and CEO of Rugby, has been appointed to the board of directors of Pampa Metals while continuing as a director of Rugby [2]. Strategic Expansion - Pampa Metals aims to rapidly explore and advance its flagship Piuquenes copper-gold porphyry project in Argentina, recommence drilling at Rugby's Cobrasco copper-molybdenum discovery in Colombia, and assess the Mantau copper-gold prospect in Chile [7]. - The acquisition is expected to create substantial shareholder value by leveraging the high-grade Piuquenes project and the exploration potential of Cobrasco [5]. New Exploration Company - As part of the Arrangement, Rugby shareholders received shares in a new exploration company, Aegis Resources Ltd, which holds various assets including a 20% joint venture interest in the Cobrasco Project and other gold-silver projects [11]. Company Background - Pampa Metals is focused on copper-gold exploration in the Andean porphyry belts of Argentina and Colombia, with ongoing drilling activities at the Piuquenes project [13][14].