American Pacific Announces Upsize of Fully Subscribed Non-Brokered LIFE Financing to $9.75 Million

Executive Summary

• American Pacific Mining increased its non‑brokered private placement from 34,090,909 units ($7.5 M) to 44,318,182 units, raising gross proceeds to $9.75 million.
• The offering is fully subscribed; closing will occur as soon as practicable, potentially in multiple tranches.
• Net proceeds are earmarked for exploration and development of the Madison Copper‑Gold Project, other mineral projects, and general corporate purposes.

Key Details

• Original Offering: 34,090,909 units at $0.22 per unit → $7,500,000 gross proceeds.
• Amended Offering: 44,318,182 units at $0.22 per unit → $9,750,000 gross proceeds.
• Unit Composition: Each unit consists of one common share and a warrant (details not disclosed in release).
• Pricing: Fixed price of $0.22 per unit for the entire placement.
• Subscription Status: Fully subscribed; order book now closed.
• Closing Timeline: Expected “as soon as practicable,” may occur in one or more tranches.
• Use of Proceeds:
• Exploration and development of Madison Copper‑Gold Project (Montana).
• Additional mineral exploration and development projects within the company’s portfolio.
• General corporate purposes.
• Finder Appointment: Eventus Capital Corp. appointed as a finder; potential finder's fee may be paid per CSE policies.
• Regulatory Exemption: Conducted under the listed issuer financing exemption (NI 45‑106 Part 5A); securities not subject to a hold period.
• U.S. Securities Restrictions: Units not registered in the U.S.; cannot be offered or sold to U.S. persons without registration or an applicable exemption.

Notable Quotes

“We appreciate the strong investor participation in this financing, which underscores the market's confidence in our strategy of advancing our highly prospective Madison Copper‑Gold Project… Following the closing of this financing, we intend to undertake a robust drill program aimed at delineating a first mineral resource estimate at Madison.” – Warwick Smith, CEO & Director

Materiality Assessment: Material – Positive (significant capital raise that materially supports ongoing exploration and development activities).