Peruvian Metals arranges $750,000 financing

Executive Summary

• Peruvian Metals Corp. has arranged a non-brokered private placement for gross proceeds of up to $750,000.
• The funds are designated for expansion of the Aguila Norte processing plant, potential new acquisitions, and general working capital.
• The transaction involves the issuance of 5 million units at $0.15 per unit, subject to a four-month hold period and TSX Venture Exchange approval.

Key Details

• Gross Proceeds: Up to $750,000.
• Instrument Structure: 5,000,000 units.
• Price: $0.15 per unit.
• Unit Composition: Each unit consists of one common share and one-half non-transferable share purchase warrant.
• Warrant Terms:
  • Each warrant entitles the holder to acquire one additional common share.
  • Exercise Price: $0.20 per common share.
  • Term: Two years following the closing date.
  • Acceleration Clause: If the common share price is equal to or greater than $0.40 for five consecutive trading days, the company may deliver a notice requiring exercise within 30 days.
• Hold Period: Common shares, warrants, and underlying shares are subject to a hold period expiring four months and one day following the date of issue.
• Use of Proceeds: Improvements and additions to the Aguila Norte processing plant, potential new acquisitions, and general working capital.
• Regulatory Status: Completion is subject to final approval of the TSX Venture Exchange.