American Pacific Mining Announces Closing of Private Placement with Strategic Investor, Michael Gentile, CFA and Provides Update on Warrant Exercise
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CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
American Pacific Mining Announces Closing of Private Placement with Strategic
Investor, Michael Gentile, CFA and Provides Update on Warrant Exercises
Vancouver, British Columbia / June 8, 2021 - American Pacific Mining Corp (CSE: USGD / FWB: 1QC /
OTCPK: USGDD) (“APM” or the “Company”) announces that, further to its news release of May 25, 2021, it has
closed its non-brokered private placement (the “Private Placement”) issuing a total of 8,181,964 units (the “Units”)
at CAD$0.125 per Unit for total gross proceeds of $1,022,746 with a strategic investor, Michael Gentile, CFA.
Warwick Smith, CEO of the Company, commented: “We are thrilled with the addition of Michael Gentile as a
strategic investor as exploration and drilling ramps up at our Madison Project.”
Each Unit is comprised of one common share (a “Share”) and one transferable common share purchase warrant (a
“Warrant”), with each Warrant entitling the holder to purchase one additional Share of the Company at a price of
$0.16 per Share for a period of two years.
All securities issued will be subject to a four month hold period pursuant to securities laws in Canada.
The Company intends to use the proceeds from the Private Placement for exploration of the Company’s portfolio of
resource properties and for general working capita l. No finder’s fees were paid in connection with the Private
Placement.
Calculated on a partially-diluted basis (i.e., assuming full exercise of all Warrants and no other issuances of Shares
by the Company), Mr. Gentile now owns 19.99% of the Company’s issued and outstanding Shares.
The Company also announces that, subsequent to the announcement of the Private Placement, it has received
aggregate proceeds of $1,474,766 from the exercise of 7,364,692 Warrants.
22,343,735 Warrants remain outstanding with strike prices of $0.20 and $0.2 5 expiring on November 22, 2021 and
December 25, 2021, which could potentially generate an additional $4,714,515.80 in cash proceeds if fully exercised.
Following closing of the Private Placement the Company is in a strong financial position with over $3, 432,757 in
cash.
Michael Gentile, CFA
From 2003 to 2018 he worked as a professional money manager at Formula Growth Ltd., an independent investment
management firm established in Montreal in 1960. While at Formula Growth, Mr. Gentile’s main sector focuses
were in mining and natural resources. In 2012, he became the co - manager of the Formula Growth Alpha Fund, a
market neutral hedge fund focused on small to mid-cap equities. In October 2018, Mr. Gentile retired from full time
money management to be able to spend more time with his family. Subsequently, he has remained a very active and
strategic investor in the junior mining sector owning significant top 5 stakes in over 15 small cap-mining companies.
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Michael is currently a strategic advisor to Arizona Metals (AMC -V) and a director of Northern Superior Resources
(SUP-V), Roscan Gold (ROS-V), Radisson Mining Resources (RDS-V) and Solstice Gold (SGC-V)
About American Pacific Mining Corp.
American Pacific M ining Corp. is a precious metals explorer focused on opportunities in the Western
United States. The Company's flagship asset is the high -grade, past -producing Madison Copper -Gold
project in Montana, under option to joint venture with Kennecott Exploration Company, a division of the
Rio Tinto Group, which the Company acquired in 2020. For this transaction, American Pacific has been
selected as a finalist in the S&P Global Platts Global Metals Awards, an annual program that recognizes
exemplary accomplishments in 16 performance categories, including 'Deal of the Year,' the category in
which American Pacific Mining is competing. The awards program is hosted by S&P Global Platts, the
leading independent provider of information and benchmark prices for the comm odities and energy
markets. Also in the American Pacific's asset portfolio are the Gooseberry Gold -Silver project and the
Tuscarora Gold project: two 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 the Board of American Pacific Mining Corp.
“Warwick Smith”
CEO & Director
Corporate Office: Suite 910 – 510 Burrard Street Vancouver, BC, V6C 3A8 Canada
Contact Kristina Pillon, President, High Tide Consulting Corp., 604.908.1695 / [email protected]
The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation
Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or
accuracy of this release.
The securities referred to in this news release have not been, 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 absent U.S. registration or an applicable exemption from the U.S. registration
requirements.
This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any
securities. Any public offering of securities in the United States must be made by means of a prospectus
containing detailed information about the company and management, as well as financial statements.