Peruvian Metals Announces Private Placement

Executive Summary

• Peruvian Metals Corp. announced a non‑brokered private placement for up to $750,000 in gross proceeds.
• The offering consists of 5,000,000 units at $0.15 per unit, each unit containing one common share and one‑half non‑transferable warrant.
• Proceeds will be used for expansion of the Aguila Norte processing plant, potential acquisitions, and general working capital.

Key Details

• Units Offered: 5,000,000 units @ $0.15 per unit → gross proceeds up to $750,000.
• Unit Composition: 1 common share + ½ non‑transferable share purchase warrant.
• Warrant Terms: Each warrant allows the holder to purchase one additional common share at $0.20 per share for two years after closing.
• Acceleration Clause: If PER’s share price ≥ $0.40 for five consecutive trading days, the company may require exercise of warrants within 30 days of notice.
• Hold Period: Common shares, warrants, and any shares issued upon warrant exercise are subject to a hold period expiring four months and one day after issuance.
• Use of Proceeds:
• Expansion and improvements to the Aguila Norte processing plant.
• Funding for potential new acquisitions.
• General working capital needs.
• Regulatory Condition: Completion subject to final approval by the TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)