American Pacific Closes Sale of the Palmer Copper-Zinc VMS Project to Vizsla Copper for $15 Million in Equity plus up to $15 Million in Milestone Payments

Core Viewpoint - American Pacific Mining Corp. has successfully closed the sale of the Palmer Copper-Zinc VMS Project to Vizsla Copper Corp. for a total of $15 million in equity and potential milestone payments of up to $15 million [1][2]. Transaction Details - The sale involved the transfer of all outstanding shares of Constantine Metal Resources Ltd. (CMR) to Vizsla Copper for 13,888,888 common shares valued at $15 million, with a deemed price of $1.08 per share [2]. - Vizsla Copper will make milestone payments of $5 million upon the disclosure of an updated mineral resource estimate and $10 million upon the commencement of commercial production at the Palmer Project [2]. Ownership and Reporting - Following the transaction, American Pacific holds 13,888,888 shares, representing 15.8% of the issued shares of Vizsla Copper, and is required to file an early warning report [3]. Future Plans - The CEO of American Pacific expressed confidence in Vizsla Copper's ability to advance the Palmer Project and create value for shareholders, while the company will focus on additional transactions to unlock value from its portfolio, particularly the Madison Copper-Gold project in Montana [4][7].