Peruvian Increases Size of Private Placement
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NEWS RELEASE TSX.V PPX; BVL PPX
Peruvian Increases Size of Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Vancouver, British Columbia – October 9, 2015 – Peruvian Precious Metals Corp. (the "Company") is pleased to announce that it will increase the size of its non-brokered private placement offering previously announced on September 15, 2015 to up to 3,785,000 units for gross proceeds of up to $378,500. The units consist of one common share and one common share purchase warrant, on the same terms outlined in the Company's September 15th news release.
Certain insiders of the Company may acquire securities under the private placement. Such participation is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The directors determined that the transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of any securities issued to, and paid for by, such insiders does not exceed 25% of the Company's market capitalization.
The private placement is subject to the approval of the TSX Venture Exchange.
On behalf of the Board of Directors Brian J. Maher President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Peruvian Precious Metals Corp.
Kimberly Ann Arntson, CFO, Vice President - Corporate Development
Phone: 1-530-414-4400 Email: [email protected] Website: www.peruvianpmc.com
Cautionary Statement:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.