Core Viewpoint - Pampa Metals Corp. has appointed Tony Manini as Chairman of the Board and Paola Brewster as a Non-Executive Director, marking a significant leadership transition as the company evolves into a multi-asset entity focused on high-quality copper projects in South America [1][4]. Leadership Changes - Tony Manini, a major shareholder, brings extensive experience as a geologist and mining entrepreneur, having co-founded multiple successful exploration and mining companies globally [2][5]. - Paola Brewster, with a strong background in the mining industry and experience as a former senior diplomat for Colombia in Australia, joins the board to enhance governance and industry relations [3][7][8]. Company Strategy and Vision - The company aims to leverage its board's technical and commercial expertise to unlock value from its portfolio of copper projects, particularly in the Andean porphyry copper belt [4]. - The Piuquenes and Cobrasco projects are highlighted as having significant potential for major copper deposits, with further exploration expected to enhance shareholder value [4]. Recent Developments - Pampa Metals has recently completed the acquisition of Rugby Resources and its Cobrasco and Mantau copper projects, which are in the early stages of exploration [12]. - The company is actively drilling multiple porphyry copper-gold discoveries in Argentina under a joint venture agreement, aiming to earn an 80% interest in the Piuquenes Copper-Gold Project [11]. Stock Options - The company has granted a total of 10,500,000 stock options to directors, officers, and consultants, with varying exercise prices, which will represent approximately 6.9% of the outstanding common shares post-grant [10].

Core Viewpoint - Rugby Resources Ltd. and Pampa Metals Corp. have announced the results of a special meeting where shareholders approved a statutory plan of arrangement and a stock option plan for SpinCo, paving the way for a significant corporate restructuring and potential growth opportunities in the mining sector [1][2][3]. Group 1: Shareholder Meeting Results - At the special meeting, 55.39% of Rugby's outstanding common shares were represented, with 99.97% of votes cast in favor of the Arrangement Resolution and the SpinCo Option Plan Resolution [3]. - The completion of the arrangement is subject to court approval and customary closing conditions, with a hearing scheduled for July 22, 2025, and expected closure around July 24, 2025 [4]. Group 2: Company Profiles - Rugby Resources is focused on exploration in Colombia, Argentina, and Chile, particularly the Cobrasco Project, which aims to demonstrate the economic potential of copper discoveries essential for the transition to electrification [5]. - Pampa Metals is a copper-gold exploration company that has entered into agreements to acquire significant interests in mining projects, including an 80% stake in the Piuquenes Copper-Gold Porphyry Project and 100% of Rugby Resources, which will provide an 80% interest in the Cobrasco Project upon closing [7].

Vancouver, B.C., July 17, 2025 (GLOBE NEWSWIRE) -- Rugby Resources Ltd. (“Rugby”) (TSXV:RUG) and Pampa Metals Corp. (“Pampa”) (CSE:PM / FSE:FIR / OTCQX®:PMMCF) are pleased to announce the voting results for the special meeting of shareholders (the "Rugby Shareholders") of Rugby held on July 16, 2025 in Vancouver, British Columbia (the "Special Meeting"). At the Special Meeting, the Rugby Shareholders considered a special resolution (the "Arrangement Resolution") approving the previously announced statutory ...

Core Points - Rugby Resources Ltd. and Pampa Metals Corp. announced the voting results from the special meeting of Rugby shareholders held on July 16, 2025, in Vancouver, British Columbia [1][2] - The shareholders approved a statutory plan of arrangement with Pampa and Aegis Resources Ltd., along with a stock option plan for SpinCo [2][3] - A total of 55.39% of Rugby's outstanding common shares were represented at the meeting, with 99.97% voting in favor of the resolutions [3] Arrangement Details - The completion of the arrangement is subject to court approval and customary closing conditions, with a hearing scheduled for July 22, 2025 [4] - If conditions are met, the arrangement is expected to close around July 24, 2025 [4] Company Profiles - Rugby Resources is focused on exploration in Colombia, Argentina, and Chile, particularly the Cobrasco Project, which targets copper, gold, and silver [6] - Pampa Metals is a copper-gold exploration company that recently entered into an agreement to acquire 100% of Rugby Resources, which will give it an 80% interest in the Cobrasco Project [7]

Core Viewpoint - Rugby Resources Ltd. is moving forward with a Special Meeting for shareholders to vote on a Statutory Plan of Arrangement involving the acquisition by Pampa Metals Corp. [1][2][6] Group 1: Arrangement Details - The Arrangement involves Rugby shareholders receiving one common share of Pampa Metals for every 6.4 Rugby Shares held, along with one Aegis Share for every 10 Rugby Shares held [2] - Aegis Resources Ltd. will hold a 20% free-carried interest in the Cobrasco project in Colombia, along with interests in other mineral projects in Chile and Australia [4] - The Arrangement requires at least two-thirds (66⅔%) approval from the votes cast by Rugby shareholders present at the Meeting [3] Group 2: Management and Recommendations - The board of directors of Rugby unanimously recommends that shareholders vote in favor of the Arrangement Resolution, deeming it fair and in the best interest of Rugby [6] - Yale Simpson, Rugby's Chairman, expressed confidence that the management of Pampa Metals will quickly evaluate the Cobrasco project post-Arrangement [8] Group 3: Regulatory and Legal Aspects - Rugby has received conditional acceptance from the TSX Venture Exchange for the Arrangement and an interim order from the Supreme Court of British Columbia [7] - A final court hearing for the Arrangement is scheduled for July 22, 2025 [7] Group 4: Financial Aspects - Pampa Metals announced a non-brokered private placement LIFE Offering for gross proceeds of $6 million through the issuance of 37.5 million common shares at a price of $0.16 [8]

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].

Core Viewpoint - Pampa Metals Corp. is initiating a non-brokered private placement aiming to raise between $4 million and $5 million through the issuance of shares priced at $0.16 each, with Canaccord Genuity Corp. serving as the financial advisor for this offering [1][6]. Group 1: Offering Details - The private placement will consist of up to 31,250,000 shares offered under the Listed Issuer Financing Exemption, applicable in all Canadian provinces except Quebec [2]. - The offering is scheduled to close around June 27, 2025, and is subject to customary conditions for such transactions [4]. - The shares will not be subject to a Canadian hold period as per applicable securities laws [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to fund exploration at the Piuquenes Project and the Cobrasco Project, as well as for working capital and general corporate purposes [4]. Group 3: Financial Advisor and Fees - Canaccord Genuity Corp. will receive an advisory fee of 1% of the total gross proceeds raised from the offering [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 term of 2 years [6]. Group 4: Company Background - Pampa Metals is a copper-gold exploration company listed on the Canadian Stock Exchange, Frankfurt, and OTC exchanges [7]. - The company has entered into an agreement to acquire an 80% interest in the Piuquenes Copper-Gold Porphyry Project in Argentina and plans to acquire 100% of Rugby Resources Ltd., which will provide an 80% interest in the Cobrasco Project in Colombia [7].

Group 1: Pampa Metals Private Placement - Pampa Metals has closed a Private Placement, raising a total of $3,000,000 by issuing 18,750,000 Units at a price of $0.16 per Unit [2][3] - Each Unit consists of one common share and a half purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.30 for three years [2] - To date, Pampa Metals has issued 12,262,500 Units for gross proceeds of $1,962,000 and paid finder's fees of $30,240 [3] Group 2: Rugby Resources Private Placement - Rugby Resources is issuing 100,000,000 Units at a price of $0.025 per Unit, raising total gross proceeds of $2,500,000 [6] - Proceeds will be used to settle a $1 million loan, cover estimated transaction costs of $500,000 related to the acquisition by Pampa Metals, and for working capital [7] - Rugby paid finder's fees of $45,300 in connection with the Private Placement [8] Group 3: Acquisition Details - Pampa Metals is advancing a Definitive Agreement to acquire all outstanding common shares of Rugby, with a share exchange ratio of 1 Pampa share for every 6.4 Rugby shares [10][11] - Approximately 65,097,403 shares of Pampa Metals will be issued in exchange for all outstanding Rugby shares based on current share counts [11] Group 4: Related Party Transactions - Pampa Metals' President & CEO participated in the Private Placement with a $100,000 investment, classified as a related party transaction [4] - Rugby's insiders participated in the Private Placement for a total of 280,000 Units, also considered a related party transaction [9]