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Highlights

  • Pan American Energy plans to issue up to 4,000,000 units at CAD 0.50 each.
  • The offering also includes up to 1,538,462 flow-through units at CAD 0.65 each.
  • Closing of the placement is expected on or about September 15, 2025.

Pan American Energy Corp. (CSE:PNRG) announced its intention to complete a non-brokered private placement for total gross proceeds of up to CAD 3,000,000. The offering will consist of up to 4,000,000 units at a price of CAD 0.50 per unit and up to 1,538,462 flow-through units at a price of CAD 0.65 per flow-through unit.

Each unit will comprise one common share and one share purchase warrant, with each warrant exercisable to acquire one additional common share at CAD 0.65 for 24 months from the date of issuance. Each flow-through unit will include one common share qualifying as a “flow-through share” under the Income Tax Act (Canada) and one warrant, with identical terms to those in the non-flow-through units.

Proceeds from the non-flow-through portion of the offering will be used for exploration expenses related to the company’s existing projects and for general working capital. Proceeds from the flow-through portion will be used to incur “Canadian exploration expenses” intended to qualify as “flow-through mining expenditures” under the Income Tax Act, to be renounced to initial purchasers of the flow-through shares.

All securities issued will be subject to a statutory hold period of four months and one day. Completion of the offering is subject to regulatory approvals, including approval from the Canadian Securities Exchange. The transaction is expected to close on or about September 15, 2025.

The securities will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States or to U.S. persons without registration or an applicable exemption.