American Pacific Mining Announces Michael Gentile Increases Ownership to 12.48%
American Pacific Mining Announces Michael Gentile
Increases Ownership to 12.48%
Vancouver, British Columbia – June 7, 2023 — American Pacific Mining Corp (CSE: USGD / FWB: 1QC /
OTCQX: USGDF) (“APM” or the “Company”) is pleased to announce that Michael Gentile has exercised a
total of 8,181,964 common share purchase warrants (each a “Warrant”) at $0.16 per common share (each
a “Share”) for total proceeds of $1,309,114.24 received by the Company.
Following the Warrant exercise, Mr. Gentile holds 22,552,932 Shares and 2,236,974 Warrants,
representing 11.48% of the issued and outstanding Shares of the Company on a non -diluted basis, and,
on a partially diluted basis, (i.e., assuming full exercise of the Warrants), Mr. Gentile would hold a total of
24,789,906 Shares, representing approximately 12.48% of the Company’s issued and outstanding Shares.
The Company also announces that it intends to extend the expiration date of 3,888,849 Warrants
originally issued to the holders on August 12, 2021 pursuant to a private placement by two (2) years.
The Warrants are exercisable into common shares of the Comp any at a price of $0.34 per Share and
currently have an expiry date of August 12, 2023. The Company wishes to extend the expiry date of the
Warrants to 4:00PM PST on August 12, 2025. All other terms and conditions of the Warrants, including
the exercise price, remain the same.
About American Pacific Mining Corp.
American Pacific Mining Corp. is a precious and base metals explorer and developer focused on
opportunities in the Western United States. The Company has two flagship assets; a 14 million tonne,
high-grade, Palmer Volcanic Massive Sulfide (VMS) project in Alaska, under joint-venture partnership with
Dowa Metals & Mining, owner of Japan’s largest zinc smelter and the Company is also partnered with
Kennecott Exploration, a division of the Rio Tinto Group, on the past -producing Madison Copper -Gold
project in Montana. For the Madison transaction, American Pacific was selected as a finalist in both 2021
and 2022 for ‘Deal of the Year’ at the S&P Global Platts Global Metals Awards, an annual program that
recognizes exemplary accomplishments in 16 performance categ ories. Also in American Pacific’s asset
portfolio are the Ziggerat Gold project, partnered with Centerra Gold, the Gooseberry Silver-Gold project
and the Tuscarora Gold -Silver project: three high-grade, precious metals projects located in key mining
districts of Nevada, USA. The Company’s mission is to grow by the drill bit and by acquisition.
On Behalf of American Pacific Mining Corp. Board of Directors:
Warwick Smith
CEO & Director
Corporate Office: Suite 910 – 510 Burrard Street Vancouver, BC, V6C 3A8 Canada
Investor relations contact:
Kristina Pillon, High Tide Consulting Corp.
604.908.1695
Media relations contact:
Adam Bello, Primoris Group Inc.
416.489.0092
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news
release.