American Pacific Announces Non-Brokered LIFE Financing of up to $7.5 Million

Executive Summary

• American Pacific Mining Corp. announced a non‑brokered private placement of up to 34,090,909 units at $0.22 per unit, targeting aggregate gross proceeds of up to $7.5 million.
• Each unit consists of one common share and half of a share purchase warrant; each full warrant allows the holder to buy an additional share at $0.32 for three years from closing.
• Net proceeds are earmarked for exploration and development on the Madison Project, other mineral projects, and general corporate purposes.

Key Details

• Units Offered: Up to 34,090,909 units @ $0.22 per unit → $7,500,000 maximum gross proceeds.
• Unit Composition: 1 common share + ½ share purchase warrant (full warrant = right to buy 1 additional share at $0.32).
• Warrant Terms: Exercise price $0.32 per share; exercisable for three years from closing.
• Offering Exemptions: Primarily under NI 45‑106 Listed Issuer Financing Exemption for Canadian investors; U.S. and other jurisdictions via applicable securities law exemptions.
• Resale Restrictions: Units issued under the exemption have no hold period; units not covered will be subject to a four‑month hold period in Canada plus any jurisdictional resale limits.
• Use of Proceeds: Exploration & development of the Madison Copper‑Gold Project, other mineral projects, and general corporate purposes.
• Closing Timeline: Expected “as soon as practicable” pending customary closing conditions (regulatory approvals, CSE approval, etc.).
• Finder Compensation: Finder fees will be paid to eligible arm’s‑length finders; Eventus Capital Corp. appointed as a finder.
• Regulatory Statements: Offering not registered under U.S. securities laws; no offer or solicitation in the United States absent exemption.

Notable Quotes

(No direct CEO/President quotes were included in the release.)