The latest announcement is out from Pampa Metals ( (TSE:PM) ).
Pampa Metals Corp. and Rugby Resources Ltd. have successfully closed their respective private placements, raising significant funds to support their operations and strategic initiatives. Pampa Metals raised $3 million through the issuance of 18,750,000 units, while Rugby Resources raised $2.5 million by issuing 100,000,000 units. The funds will be used for various purposes including settling debts, covering transaction costs, and advancing exploration properties. The completion of these placements marks a significant step in Pampa Metals’ proposed acquisition of Rugby Resources, which is progressing under a definitive agreement.
More about Pampa Metals
Pampa Metals Corp. operates in the mining industry, focusing on exploration and development of mineral resources. The company is involved in acquiring and exploring mineral properties, primarily targeting copper and gold deposits in Chile.
YTD Price Performance: 7.27%
Average Trading Volume: 49,654
Technical Sentiment Signal: Strong Buy
Current Market Cap: $9.61M
See more data about PM stock on TipRanks’ Stock Analysis page.