Peruvian Metals Closes Second and Final Tranche of Private Placement

Core Viewpoint - Peruvian Metals Corp has successfully closed the second and final tranche of its non-brokered private placement, raising a total of $900,000 through the issuance of 6,000,000 units [1][3]. Group 1: Offering Details - The second tranche involved the issuance of 800,000 units at an issue price of $0.15 per unit, generating gross proceeds of $120,000 [1]. - Each unit consists of one common share and one-half non-transferable share purchase warrant, with warrants exercisable at $0.20 per share for two years [2]. - The total finders' fees paid amounted to $24,399 in cash, along with the issuance of 162,659 finders warrants under the same terms as the regular warrants [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for improvements and expansions at the Aguila Norte processing plant, potential new acquisitions, and general working capital [3]. Group 3: Insider Participation - Insiders subscribed for a total of 81,300 units, amounting to $12,195, which is classified as a related party transaction but is exempt from formal valuation and minority shareholder approval requirements [4]. Group 4: Company Overview - Peruvian Metals Corp is a Canadian exploration and mineral processing company focused on acquiring and developing precious and base metal properties in Peru, as well as providing toll milling services [5]. - The Aguila Norte processing plant holds an environmental permit allowing for operational expansion beyond the current capacity of 100 tonnes per day [5].