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Financings

Pambili Natural closes first tranche of financing

By The Northwire Desk — AI Analysis Aug 27, 2025 · 18:50 PNN · 0.055 Pambili Natural Resources Corporation
PNN · Price

Executive Summary

  • Pambili Natural Resources Corp. closed the first tranche of its C$1‑million non‑brokered private placement, receiving C$138,500.
  • The tranche consists of 2.77 million units priced at $0.05 each, each unit containing one common share and one warrant (exercise price $0.10, one‑year term).
  • Proceeds will fund working capital to complete the audit for FY 2024 and file unaudited Q1/Q2 2025 financial statements, pending lift of a failure‑to‑file cease‑trade order (FFCTO).

Key Details

  • Tranche Amount: C$138,500 (first tranche of a total C$1 million private placement).
  • Units Issued: 2.77 million units to be issued upon ASC and TSX Venture Exchange approval.
  • Unit Structure & Pricing:
  • Price per unit: $0.05.
  • Each unit = 1 common share + 1 common share purchase warrant.
  • Warrant exercise price: $0.10, exercisable for one year from closing.
  • Holding Period: Units subject to a “four‑month‑plus‑one‑day” hold period under Canadian securities law, notwithstanding FFCTO restrictions.
  • Use of Proceeds: General working capital to (i) complete the audit and file FY 2024 financial statements; (ii) prepare and file unaudited Q1 and Q2 2025 financial statements.
  • Regulatory Context: Company is under a failure‑to‑file cease‑trade order issued by the Alberta Securities Commission; has applied for partial revocation to allow tranche closing. Completion of the offering remains contingent on ASC and exchange approval and lifting of the FFCTO.
  • CEO Comment: Jon Harris highlighted the tranche as validation of Pambili’s gold projects in Zimbabwe and expressed confidence in growth amid high gold prices, anticipating completion of the full raise once the FFCTO is lifted.

Notable Quotes

“Pambili's receipt of the first tranche of the planned $1‑million raise is an endorsement of the potential of the company's gold projects in Zimbabwe… We look forward to completing the raise immediately following the lifting of the FFCTO.” – Jon Harris, CEO, Pambani Natural Resources Corp.

Read the original news release →

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May 08, 2026 · 15:13

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Financings Sep 26, 2025 · 17:49

Pambili receives partial revocation of CTO

Financings