Peruvian Metals Closes Private Placement
Peruvian Metals Closes Private Placement
Edmonton, Alberta--(Newsfile Corp. - March 26, 2026) -
Peruvian Metals Corp - (TSXV: PER)
("Peruvian Metals" or the "Company") is pleased to announce the closing of its non-brokered private
placement (the "
Offering
") previously announced on March 12 and 13, 2026.
Pursuant to the Offering,
the Company issued an aggregate of 5,200,000 units ("Units") at an issue price of $0.15 per Unit, for
aggregate gross proceeds of $780,000.
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 one year from the closing
date of the Offering at a price of $0.20 per share, subject to certain acceleration conditions.
In connection with the Offering, the Company paid finders fees of an aggregate of $15,999 in cash and
issued an aggregate of 106,659 finders warrants (the "Finders Warrants") of the Company to certain
arm's length finders. The Finders Warrants were issued with the same terms of the Warrants.
All the
securities issued will be subject to resale restrictions until July 26, 2026.
The net proceeds of the
Offering will be used to make improvements and additions for expansion to its Aguila Norte processing
plant, for potential new acquisitions, 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.
Insiders of the Company have subscribed for and acquired an aggregate of 81,300 Units in the
Financing ($12,195), which participation constitutes a "related party transaction" within the meaning of
Multilateral Instrument 61-101 -
Protection of Minority Security Holders in Special Transactions
("
MI 61-
101
") and Policy 5.9 -
Protection of Minority Security Holders in Special Transactions
of the TSX
Venture Exchange (which incorporates the requirements of MI 61-101). However, such participation is
exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant
to sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as neither the fair market value of the Shares
acquired by the insiders of the Company, nor the consideration for the Shares paid by such insiders,
exceed 25% of the Company's market capitalization for the purposes of MI 61-101.
About Peruvian Metals Corp.
Peruvian Metals Corp. is a Canadian exploration and mineral processing company. Our business model
is to acquire and develop precious and base metal properties in Peru and to provide clients with toll
milling services and produce high-grade marketable concentrates from mineral purchases. The Aguila
Norte processing plant has an environmental permit ("IGAC") from the Peruvian government which
provides the Company with the ability to expand operations past the current 100 tonnes per day level.
ON BEHALF OF PERUVIAN METALS
CORP.
(Signed) Jeffrey Reeder
For additional information, contact:
Jeffrey Reeder, C.E.O.
Telephone: (647) 302-3290
:
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/289916