American Pacific Announces Closing of $9.75M Non-Brokered LIFE Financing

Executive Summary

• American Pacific Mining Corp. closed a non‑brokered private placement of 44,318,182 units at $0.22 per unit, raising $9,750,000.04 in aggregate proceeds.
• Each unit includes one common share and half of a warrant to purchase an additional share at $0.32; warrants expire on February 5 2029.
• Net proceeds will fund the Madison Copper‑Gold Project drill program, other exploration projects, and general corporate purposes.

Key Details

• Units Issued: 44,318,182 units @ $0.22 per unit → $9,750,000.04 gross proceeds.
• Unit Composition: 1 common share + ½ warrant (each whole warrant allows purchase of one additional share at $0.32).
• Warrant Terms: Exercise price $0.32 per share; expiry Feb 5 2029.
• Finder’s Compensation: Cash fees of $623,431.60 and issuance of 2,747,780 finder’s warrants (exercise prices $0.22 & $0.32, subject to a 4‑month hold period).
• Use of Proceeds: Primarily for exploration and development at the Madison Copper‑Gold Project in Montana; also for other mineral projects and general corporate purposes.
• Regulatory Exemptions: Conducted under the listed issuer financing exemption (NI 45‑106 Part 5A) for qualified Canadian investors; U.S. securities law resale restrictions apply to U.S. investors.
• No Hold Period in Canada: Securities issued to Canadian investors are not subject to a hold period.

Notable Quotes

“We are very pleased to close this $9.75M financing and deeply appreciate the strong support from both new and existing investors… We are now fully‑funded for a robust drill program at the Madison Copper‑Gold Project…” – Warwick Smith, CEO & Director