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Pampa Metals and Rugby Resources Complete Arrangement Transaction
Globenewswire· 2025-07-25 11:30
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].
Pacific Empire Arranges $300,000 Non-Brokered Private Placement
Newsfile· 2025-07-21 23:34
Core Viewpoint - Pacific Empire Minerals Corp. is initiating a non-brokered private placement to raise up to C$300,000 for its operations and exploration activities [1][3]. Group 1: Offering Details - The Offering will consist of up to 15,000,000 units priced at C$0.02 per Unit, each comprising one common share and one warrant [2]. - Each warrant allows the holder to purchase an additional common share at C$0.05 for 24 months post-closing [2]. - Proceeds will be allocated for general working capital, exploration at the Trident copper-gold project, and marketing activities [3]. Group 2: Related Party Transactions - The Offering may involve directors or officers of the Company, qualifying it as a related party transaction under Multilateral Instrument 61-101 [4]. - It will be exempt from formal valuation and minority shareholder approval as the securities distributed will not exceed 25% of the Company's market capitalization [4]. Group 3: Regulatory and Compliance - The Offering requires approval from the TSX Venture Exchange, with securities subject to a four-month hold period [5]. - A commission of 7% of gross proceeds will be paid to Haywood Securities Inc. for their role in the Offering, along with Broker Warrants equivalent to 7% of the Units placed [6]. Group 4: Company Overview - Pacific Empire Minerals Corp. is a copper exploration company based in Vancouver, holding a land position of 22,694 hectares in British Columbia [9]. - The Company focuses on its flagship Trident and Pinnacle gold-enriched copper porphyry projects [9]. - British Columbia is recognized as a Tier 1 mining jurisdiction with significant potential for "Green Copper" due to its hydroelectric power and established infrastructure [10].
District Copper Engages Investor Relations Services
Newsfile· 2025-07-18 12:00
Vancouver, British Columbia--(Newsfile Corp. - July 18, 2025) - District Copper Corp (TSXV: DCOP) (the "Company" or "DCOP") announces that it has engaged the investor relations services of 1123963 B.C Ltd. DBA Capitaliz On It ("Capitaliz"), a social media influencer focused digital marketing agency out of Vancouver, BC, to increase investor awareness and interest in the Company as well as attracting new investors through various online platforms and a comprehensive digital media marketing campaign for the ...