Core Points - South Pacific Metals Corp has entered into an agreement to raise up to C$8 million through a private placement of units, each consisting of one common share and one-half of a common share purchase warrant at an indicative price of C$0.54 per unit [1][2] - Each warrant allows the holder to acquire one common share at C$0.90 for 24 months following the closing date [2] - The net proceeds from the offering will be used to expand exploration activities and for general corporate purposes [3] Regulatory and Offering Details - The units are being offered to purchasers in all provinces of Canada, except Quebec, under the "listed issuer financing exemption" from the prospectus requirement [4] - The offering is expected to close on or about December 8, 2025, subject to regulatory approvals [5] Company Overview - South Pacific Metals Corp is an emerging gold-copper exploration company operating in Papua New Guinea, with a land package of 3,100 km² and four key projects [7] - The company's projects are strategically located near major producers, with potential for significant mineralization [8] - Common shares of South Pacific Metals are listed on the TSX Venture Exchange and Frankfurt Stock Exchange [9]
South Pacific Metals Announces Marketed Equity Offering up to C$8 Million