Peruvian Metals Closes Private Placement

Executive Summary

• Peruvian Metals Corp. closed a non‑brokered private placement of 10,000,000 units at $0.10 per unit, generating $1,000,000 in gross proceeds.
• Each unit includes one common share and half a non‑transferable warrant exercisable at $0.15 for one year; finders were compensated with cash fees and additional warrants.
• Net proceeds will be used to advance the company’s exploration program and support general working capital needs.

Key Details

• Units Issued: 10,000,000 units @ $0.10 per unit → $1,000,000 gross proceeds.
• Unit Composition: 1 common share + ½ non‑transferable warrant (exercisable at $0.15/share for one year).
• Finder Compensation: $39,690 cash fees plus 396,900 finder warrants issued on the same terms as the unit warrants.
• Resale Restrictions: All securities subject to resale restrictions until June 26 2026.
• Use of Proceeds: Advancement of exploration strategy and general working capital.
• Regulatory Conditions: Closing remains subject to TSX Venture Exchange approvals.
• Insider Participation: Insiders subscribed for 1,205,000 units ($120,500), qualifying as a related‑party transaction but exempt from MI 61‑101 valuation/approval thresholds.
• Warrant Terms: Finder warrants mirror unit warrant terms (½ warrant per unit, exercisable at $0.15/share).

Notable Quotes

• “The net proceeds of the Offering will be used to advance our exploration strategy and for general working capital requirements.” – Jeffrey Reeder, CEO

Materiality Assessment: Material – Positive (significant financing that supports ongoing operations and growth).