News Release US OTC: Pwmrf
Suite 1080, 789 West Pender Street, Vancouver, BC V6C 1H2
Tel: 604-687-4719 Fax: 604-687-4778 www.poweramericascorp.com
TSX VENTURE EXCHANGE: PAM NEWS RELEASE
US OTC: PWMRF
FRANKFURT: VV0
Power Americas Closes $2.6 Million Private Placement Co-led by Canaccord Genuity and
Gravitas Securities
Not for distribution to United States newswire services or for dissemination in the United States
Vancouver, British Columbia May 8, 2018 – Power Americas Minerals Corp. ( “Power Americas” or the
"Company") (TSX-V: “PAM”) is pleased to announce that it has completed the previously announced (see
news release dated April 24, 2018) brokered private placement of flow-through common shares (the
“Flow-Through Shares ”) and non-flow-through units (the “ Units”). The brokered private placement
consisted of 6,666,666 Flow-Through Shares (increased from the previously announced amount of
3,333,333 Flow-Through Shares) at a price of $0.15 per Flow-Through Share and 11,216,666 Units at a
price of $0.15 per Unit, for total gross proceeds of $2,682,500 (the “ Private Placement ”). Each Unit
consists of one common share (a “ Common Share”) of the Company and one common share purchase
warrant (a “Warrant”) exercisable into one Common Share of the Company at a price of $0.25 per Warrant
for a period of 36 months from the date hereof. The Flow-Through component of the Private Placement
was oversubscribed.
The Private Placement was brokered by Canaccord Genuity Corp. and Gravitas Securities Inc. (together
“the Agents”). The Agents were paid a commission comprised of a cash fee in the amount of $214,600
and issued an aggregate of 1,430,666 Agents’ warrants. Each Agents’ warrant is exercisable into one Unit
at a price of $0.15 per Unit for a period of 36 months from the date hereof. In addition, the Company also
issued the Agents 894,166 Units as a corporate finance fee in connection with the Private Placement.
All securities issued under the Private Placement, including securities issuable on exercise thereof, are
subject to a hold period expiring four months and one day from the date hereof.
The Company intends to use the net proceeds from the Offering for exploration on its mineral properties
and general working capital.
About Power Americas Minerals Corp.
Power Americas Minerals Corporation is a Canadian-based junior mining exploration company focused on
the procurement, exploration and development of cobalt, lithium and other energy metals in North and
South America. Power Americas’ acquisition strategy focuses on acquiring affordable, cost-effective and
highly regarded mineral properties in areas with proven geological potential. The Company’s shares are
listed and posted for trading on the TSX Venture Exchange under the symbol "PAM", in the USA on the
OTC Markets under the symbol “PWMRF”, and on the Frankfurt Exchange under the symbol “VV0”.
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Suite 1080, 789 West Pender Street, Vancouver, BC V6 1H2
Tel: 604-687-4719 Fax: 604-687-4778 www.poweramericascorp.com TSX-V: PAM
On behalf of the Board of Directors: For more information please contact:
Howard Milne V.P. Business Development
“Jeffrey Cocks” Tel: (604) 377-8994 Email: [email protected]
Website: www.poweramericascorp.com
Jeffrey Cocks
President
This news release contains “forward-looking information” (within the meaning of applicable Canadian
securities laws). Such information is identified with words such as “anticipate”, “believe”, “expect”, “plan”,
“intend”, “potential”, “estimate”, “propose”, “project”,”outlook”, “foresee” or similar words suggesting
future outcomes or statements regarding an outlook. Forward-looking information includes, but is not
limited to, statements or information related to the use of the net proceeds of the Offering. Such forward-
looking information or statements are based on a number of risks, uncertainties and assumptions which may
cause actual results or other expectations to differ materially from those anticipated and which may prove
to be incorrect. Forward-looking information and statements contained in this news release are as of the
date of this news release and the Company assumes no obligation to update or revise this forward-looking
information except as required by law.
“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.