Pan American Energy Corp. (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS60) has announced the completion of a non-brokered charity flow-through private placement that generated C$899,999.76 in gross proceeds.
Pan American’s Successful Offering
Pan American issued 1,363,636 flow-through common shares at a price of $0.66 each. These shares are meant to qualify as ‘flow-through shares’ under the Income Tax Act (Canada), funding the Company’s Big Mack Lithium Project. The proceeds will support Canadian exploration expenses that fall within the ‘flow-through critical mineral mining expenditures’ category.
About Pan American Energy Corp.
This exploration stage company focuses on obtaining, exploring, and developing battery metal mineral properties in North America. From its option agreement in Canada to the drill-ready Big Mack Lithium Project to the Horizon Lithium Project in Nevada, USA, Pan American is advancing its footprint in strategic mineral exploration.
Details on Pan American’s Projects
Pan American’s involvement with Magabra Resources in Canada allows up to a 90% interest in Big Mack Lithium Project. Additionally, the Horizon Lithium Project option agreement with Horizon Lithium LLC targets a 100% stake, positioning the Company at the forefront of lithium exploration within the Tonopah Lithium Belt.
The company’s leadership, under CEO & Director Jason Latkowcer, remains committed to driving exploration and providing shareholder value. Interested parties can reach Pan American via phone at (587) 885-5970.
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