Peruvian Metals Closes Initial Tranche of Private Placement
Peruvian Metals Closes Initial Tranche of
Private Placement
Edmonton, Alberta--(Newsfile Corp. - April 23, 2024) -
Peruvian Metals Corp. (TSXV: PER) (OTCQB:
DUVNF)
("Peruvian Metals" or the "Company") is pleased to announce that it has, subject to regulatory
approvals, closed a first tranche of its non-brokered private placement (the "
Offering
") of up to
8,000,000 units (the "
Units
") at $0.07 per Unit to raise up to $560,000 in gross proceeds. In this close,
the Company has raised $225,000 through the issuance of 3,214,286 Units. Each Unit consists of one
(1) common share of the Company, and one-half (1/2) non-transferable share purchase warrant (the
"
Warrants
") of the Company.
Each Warrant will be exercisable to acquire one (1) additional common
share for two years from the closing date of the Offering at a price of C$0.10 per share, subject to certain
acceleration provisions.
No finders' fees or finders warrants were issued in this tranche of the Offering. All the securities issued
will be subject to resale restrictions until August 24, 2024.
The net proceeds of the Offering will be used
to develop the recently acquired Mercedes property, the Company's existing Palta Dorada property, and
for general working capital requirements.
The completion of the Offering, including all issuances of Units, remains subject to certain regulatory
approvals, including the approval of the TSX Venture Exchange.
About Peruvian Metals Corp.
Peruvian Metals Corp. is a Canadian Exploration and Mineral Processing company. Our business
model is to provide toll milling services for clients and to produce high grade sulphide concentrates from
mineral purchases. The Company continues to acquire and develop precious and base metal properties
in Peru.
For further information on Peruvian Metals Corp. please visit
www.peruvianmetals.com
.
Peruvian Metals Corp. is a Canadian resource company listed on the
TSX Venture Exchange: Symbol "PER" , and the OTCQB Venture Market: Symbol "DUVNF".
For additional information, contact:
Jeffrey Reeder Tel: (647) 302-3290
Website:
www.peruvianmetals.com
Email:
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.
Disclosure Regarding Forward-Looking Statements:
This press release contains certain "Forward-
Looking Statements" within the meaning of applicable securities legislation. We use words such as
"might", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar
terminology to identify forward looking statements and forward-looking information. Such statements and
information are based on assumptions, estimates, opinions, and analysis made by management in light
of its experience, current conditions and its expectations of future developments as well as other factors
which it believes to be reasonable and relevant. Forward-looking statements and information involve
known and unknown risks, uncertainties and other factors that may cause our actual results to differ
materially from those expressed or implied in the forward-looking statements and information and
accordingly, readers should not place undue reliance on such statements and information. Risks and
uncertainties are more fully described in our annual and quarterly Management's Discussion and
Analysis and in other filings made by us with Canadian securities regulatory authorities and available at
www.sedarplus.ca
. While the Company believes that the expectations expressed by such forward-
looking statements and forward-looking information and the assumptions, estimates, opinions and
analysis underlying such expectations are reasonable, there can be no assurance that they will prove to
be correct. In evaluating forward-looking statements and information, readers should carefully consider
the various factors which could cause actual results or events to differ materially from those expressed or
implied in the forward-looking statements and forward-looking information.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/206527