American Pacific Announces Further Upsize of Fully Subscribed Non-Brokered Private Placement to $4.5M
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American Pacific Announces Further Upsize of Fully Subscribed Non-Brokered
Private Placement to $4.5M
Vancouver, British Columbia – April 3, 2024 — American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF / FWB:
1QC) (“ American Pacific ” or the “ Company ”) is pleased to announce that, due to overwhelming investor demand,
it has increased the size of its previously announc ed non-brokered private placement (the “ Offering ”) (see news
releases dated April 2, 2024 and April 3, 2024) an additional 2,500,000 units at a price of $0.20 per unit (the “ Unit ”)
for gross proceeds $4,500,000. The private placement is fully subscribed.
"We are incredibly grateful for the overwhelming support we have received from both new and existing investors
in this private placement," commented CEO Warwick Smith. "This strong demand is a testament to the confidence
investors have in our company's vision and ability to create long-term shareholder value as we acceler ate the
exploration of our key projects.”
The Company intends to use the net proceeds from the Offering for exploration and development on the Company’s
Palmer Project, Madison Project, other mineral expl oration and development projects, and for general c orporate
purposes. Closing of the Offering is expected to occur as soon as practicable and may occur in one or more tranches.
The Company may pay a finder’s fee in connection wi th the Offering to eligible arm’s length finders in accordance
with the policies of the Canadian Securities Exchan ge. Eventus Capital Corp. has been appointed as a F inder in
connection with the Offering.
This Offering is being conducted under the listed i ssuer financing exemption as per Part 5A of Nationa l Instrument
45-106 - Prospectus Exemptions . As a result, the securities issued will not be su bject to a hold period under the
prevailing Canadian securities laws. A Second Amended and Restated Offering Document dated April 3, 2024, related
to this Offering is available on the Company’s SEDA R+ profile at www.sedarplus.ca and on
www.americanpacificmining.com . Potential investors are advised to thoroughly review the offering document prior
to making any investment decisions.
The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities
Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit
of, U.S. persons in the absence of U.S. registratio n or an applicable exemption from the U.S. registra tion
requirements. This news release shall not constitut e an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or
sale would be unlawful.
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: the Palmer Project, a Volcanic Massive Sul phide-
Sulphate (VMS) project in Alaska, under joint-ventu re partnership with Dowa Metals & Mining, owner of Japan’s
largest zinc smelter; and the Madison Project, a past-producing 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
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Platts Global Metals Awards, an annual program that recognizes exemplary accomplishments in 16 perform ance
categories. Also, in American Pacific’s asset portfolio are high-grade, precious metals projects located in key mining
districts in Nevada, USA, including the Ziggurat Gold project, partnered with Centerra Gold and the Tuscarora Gold-
Silver project. 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 / [email protected]
Media relations contact:
Adam Bello, Primoris Group Inc.,
416.489.0092 / [email protected]
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release.
Forward-looking Information
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in
this new release, other than statements of historical facts, that address events or developments that the Company
expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “b elieves”,
“intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”,
“may”, “could” or “should” occur. Forward-looking s tatements in this news release include, without lim itation,
statements related to the completion of the Offerin g and the anticipated use of proceeds therefrom. Al though the
Company believes the expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results may differ ma terially
from those in the forward-looking statements. Facto rs that could cause the actual results to differ ma terially from
those in forward-looking statements include market prices, continued availability of capital and finan cing, and
general economic, market or business conditions. In vestors are cautioned that any such statements are not
guarantees of future performance and actual results or developments may differ materially from those projected in
the forward-looking statements. Forward-looking sta tements are based on the beliefs, estimates and opi nions of
the Company’s management on the date the statements are made. Except as required by applicable securities laws,
the Company undertakes no obligation to update these forward-looking statements in the event that management's
beliefs, estimates or opinions, or other factors, should change.