Power Americas Closes Private Placement
TSX VENT TURE EXCHAN NGE: PAM NEWS
S RELEASE FRANKFURT: VV0 OTC: PWMRF
POWER A AMERICAS C CLOSES PRIV VATE PLACEM MENT
Vancouve er, British Columbia Nove ember 6, 201
17 –Power Am
mericas Mine
erals Corp. (“ “Power Americas” s closed its non‐brokered private place or the "Co ompany") (TS SX‐V: “PAM”) is pleased to
- report it has ement
previously y announced on October 3 30, 2017, for g gross proceed ds of $750,00 00.
0 Units at $0.05 per Unit. Each Unit co The non‐b brokered priv vate placement consisted o of 15,000,000 onsists xercisable to acquire an additional com of one co ommon share e and one share purchase e warrant, ex mmon $0.10 per share for a two‐y rom the date of issue of th share at $ year period fr he warrant.
All securit ties issued ab bove are sub bject to a hold period exp piring on Mar rch 2, 2018, b being four months and one d day after closi ing of the priv vate placeme ent.
The Comp pany has paid d $51,555 cash in finder’s f fees on the pr rivate placem ment.
ed for work on the company's miner Proceeds of the priva ate placemen nt will be use ral properties and general w working capita al.
The privat te placement t is subject to TSX Venture Exchange fin nal approval.
ation please contact:
On behalf f of the Board d of Directors s: For m more informa How ward Milne, V V.P. Business Developmen nt “Jeffrey C Cocks” Tel:
(604) 377‐89 994 Email: h hdmcap@sha aw.ca Web bsite: www.p poweramerica ascorp.com Jeffrey Co ocks President t
| Power A | mericas Mine | rals Corp. is | a Canadian‐b | ased junior | mining explor | ation compa | ny focused o | n the |
| procurem | ent, explora | tion and dev | elopment of | cobalt, lithiu | m, copper an | d other ener | gy metals in | North |
| and Sout | h America. | The Compan | y’s shares a | re listed an | d posted fo | r trading on | the TSX Ve | nture |
| Exchange | under the sy | mbol "PAM" | and on the F | rankfurt Exch | ange under | the symbol “ | VV0”. |
Neither TS TSX Venture Ex Exchange nor its Regulation Services Pr rovider (as that term is def efined in polic cies of Venture Exchange) accepts responsibility the TSX Ve y for the adeq quacy or accu uracy of this r release.
Suite 1400, 1111 West Geo orgia Street, V Vancouver, BC C V6E 4M3 m Tel: 6 604‐687‐4719 9 Fax: 604‐68 87‐4778 www w.poweramer ricascorp.com