- Pan American Energy Corp. (PNRG) has announced a non-brokered private placement for gross proceeds of up to C$5,000,000
- The private placement consists of units priced at $0.50
- Each $0.50 unit consists of one non-flow-through common share and one non-flow-through share purchase warrant
- Net proceeds raised from the offering will be used to fund potential acquisitions and for general working capital
- Pan American Energy Corp. is an exploration-stage company
- Pan American Energy Corp. remained unchanged at C$0.60 at 09:43 ET
Pan American Energy Corp. (PNRG) has announced a non-brokered private placement for gross proceeds of up to C$5,000,000.
The private placement consists of units priced at $0.50 per unit
Each unit consists of one non-flow-through common share and one non-flow-through common share purchase warrant. Each purchase warrant entitles the holder to acquire one share at a price of C$0.75 for a period of twenty-four months; and units of the company at a price of $0.65 per unit. Each unit consists of one flow-through common share and one flow-through common share purchase warrant entitles the holder to acquire one FT share at a price of C$0.85 for a period of twenty-four months.
The company intends to use the net proceeds raised from the offering for potential acquisitions and general working capital.
Pan American Energy Corp. is an exploration stage company engaged principally in the acquisition, exploration and development of mineral properties in North and South America.
Pan American Energy Corp. remained unchanged at C$0.60 at 09:43 ET.
