Mineral exploration and development projects (Madison Project
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American Pacific Announces Non-Brokered LIFE Financing of up to $7.5 Million
TMX Newsfile· 2026-01-20 22:08
Core Viewpoint - American Pacific Mining Corp. is conducting a non-brokered private placement offering of up to 34,090,909 units at a price of $0.22 per unit, aiming to raise up to $7,500,000 for exploration and development projects [1][5]. Offering Details - Each unit consists of one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of an additional share at $0.32 for three years [1]. - The offering will be available to purchasers in certain Canadian jurisdictions under the Listed Issuer Financing Exemption, which allows for the sale of securities without a resale hold period [2]. - The offering may also be extended to U.S. persons and other jurisdictions, subject to applicable laws, with certain securities being subject to a four-month hold period [4]. Use of Proceeds - The net proceeds from the offering will be allocated for exploration and development of the Madison Project and other mineral projects, as well as general corporate purposes [5]. Regulatory and Finder Information - The completion of the offering is contingent upon customary closing conditions, including necessary regulatory approvals [6]. - Eventus Capital Corp. has been appointed as a finder for the offering, and finders' fees will be paid in accordance with applicable securities laws [5]. Company Overview - American Pacific Mining Corp. focuses on precious and base metals exploration in the Western United States, with its flagship asset being the Madison Copper-Gold Project in Montana [8]. - The company has established a significant equity position in the Palmer Copper-Zinc VMS Project in Alaska and holds several high-grade precious metals projects in Nevada [8].