Peruvian Metals Closes Private Placement

Executive Summary

• Peruvian Metals Corp. closed a non‑brokered private placement of 5,200,000 units at $0.15 per unit, generating $780,000 gross proceeds.
• Each unit includes one common share and a half‑share purchase warrant exercisable at $0.20 for one year; finders were paid $15,999 cash plus 106,659 finders’ warrants.
• Net proceeds will fund expansion of the Aguila Norte processing plant, potential acquisitions, and general working capital.

Key Details

• Units Issued: 5,200,000 units at $0.15 per unit → Gross Proceeds: $780,000.
• Unit Composition: 1 common share + ½ non‑transferable warrant (exercisable at $0.20/share for one year, with acceleration conditions).
• Finders’ Compensation: $15,999 cash plus 106,659 finders’ warrants (same terms as unit warrants).
• Resale Restrictions: All securities restricted from resale until July 26 2026.
• Use of Proceeds:
• Expansion and upgrades to Aguila Norte processing plant.
• Funding potential new acquisitions.
• General working capital requirements.
• Regulatory Conditions: Closing subject to TSX Venture Exchange approvals.
• Insider Participation: Insiders subscribed for 81,300 units ($12,195), qualifying as a related‑party transaction but exempt from MI 61‑101 valuation and minority approval thresholds (below 25% of market cap).
• Warrant Terms: Each warrant allows purchase of one additional common share at $0.20 per share; exercisable for one year from closing date.

Notable Quotes

• “The successful completion of this financing provides us with the capital needed to expand our Aguila Norte processing plant and pursue strategic growth opportunities,” – Jeffrey Reeder, CEO.