Pan American Energy Corp. Secures C$400,000 in New Funding

Pan American Energy Corp. Successfully Completes Funding Round

CALGARY, Alberta – Pan American Energy Corp. (CSE: PNRG | OTCQB: PAANF | FRA: SS60), commonly referred to as Pan American, is thrilled to share that it has closed its planned non-brokered private placement, achieving gross proceeds of C$400,000. This funding is a vital step towards enhancing the company's operational capabilities.

Details of the Private Placement Offering

The Offering consisted of 5,000,000 units, each priced at C$0.08. Every unit comprises one common share and one warrant that grants investors the right to purchase an additional share at C$0.12 until January 2026. The management of Pan American intends to allocate the proceeds from this offering for general working capital needs, highlighting the company’s commitment to fostering long-term growth and stability.

Use of Proceeds from the Offering

The proceeds from this private placement will empower Pan American in its ongoing initiatives, primarily focusing on the exploration and development of mineral properties rich in battery metals. The sustainable energy transition has underscored the importance of securing such resources, and Pan American is positioned to play a key role in this sector.

Important Considerations about the Debt Settlement

In a strategic decision, the company has also announced its intention to postpone the previously outlined settlement of C$209,282.88 worth of debt, which involved issuing 2,616,036 units. This change indicates management's prioritization of direct investment in growth activities over immediate debt obligations.

Understanding Pan American Energy Corp.

Operating primarily in North America, Pan American Energy Corp. specializes in acquiring and developing mineral properties that contain essential battery metals. This strategic focus aligns with the growing electrification trends worldwide and positions the company as a forward-thinking player in the resource sector.

Big Mack Lithium Project Acquisition

Recently, the company entered into an option agreement with Magabra Resources for a 75% stake in the Big Mack Lithium Project, located 80 km north of Kenora, Ontario. There is potential for an additional 15% interest, which would enhance Pan American’s holdings within this crucial area.

CEO Statement and Contact Information

Paul Gorman, the Interim CEO, expressed optimism regarding the new funding and strategic direction. With a focus on innovative development, Pan American is committed to expanding its capabilities to meet market demands.

For those interested in staying updated on company developments, please contact Pan American Energy Corp. directly at (587) 885-5970 or email info@panam-energy.com.

Frequently Asked Questions

What is the purpose of the C$400,000 raised by Pan American?

The funds will be used for general working capital, supporting ongoing projects and operational activities.

How will the private placement impact Pan American Energy's operations?

The capital raised is expected to strengthen the company's exploration and development initiatives in key mineral properties.

What are the main projects Pan American is focusing on?

In particular, they are working on the Big Mack Lithium Project, which is crucial for their expansion into the battery metals sector.

Has the company altered its debt settlement plans?

Yes, they have decided to postpone the settlement of some debt, allowing for a stronger focus on growth initiatives.

How can investors keep up with company updates?

Investors can register for updates or contact the company directly via phone or email for the latest news and developments.

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