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New Pacific Metals Closes C$35 Million Bought Deal Financing

Retrieved on:

Friday, September 29, 2023

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VANCOUVER, British Columbia, Sept. 29, 2023 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (TSX: NUAG; NYSE American: NEWP) (“New Pacific” or the “Company”) announced today that it has closed (the "Closing") the bought deal financing that was previously announced on September 25, 2023.

Key Points:

VANCOUVER, British Columbia, Sept. 29, 2023 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (TSX: NUAG; NYSE American: NEWP) (“New Pacific” or the “Company”) announced today that it has closed (the "Closing") the bought deal financing that was previously announced on September 25, 2023.
Silvercorp Metals Inc. (“Silvercorp”) participated in the Offering by subscribing for 2,541,890 Offered Shares, representing approximately US$5 million in gross proceeds (approximately C$6.7 million).
As of the Closing, Silvercorp owns, directly and indirectly, approximately 27.4% of the outstanding common shares of the Company (the "Common Shares").
Pan American Silver Corp. (“Pan American”) participated in the Offering by subscribing for 5,083,780 Offered Shares, representing approximately US$10 million in gross proceeds (approximately C$13.5 million).

New Pacific Metals Closes C$35 Million Bought Deal Financing

Retrieved on:

Friday, September 29, 2023

VANCOUVER, British Columbia, Sept. 29, 2023 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (TSX: NUAG; NYSE American: NEWP) (“New Pacific” or the “Company”) announced today that it has closed (the "Closing") the bought deal financing that was previously announced on September 25, 2023. A total of 13,208,000 common shares of the Company (the “Offered Shares”) were sold under the Offering (as defined below) at a price of C$2.65 per Offered Share (the “Issue Price”) for total gross proceeds of approximately C$35 million (the “Offering”). The Offering was co-led by Raymond James Ltd. and Eight Capital (together, the “Co-Lead Underwriters”), on behalf of a syndicate of underwriters (collectively with the Co-Lead Underwriters, the “Underwriters”), pursuant to the terms of an underwriting agreement between the Company and the Underwriters dated September 26, 2023 (the "Underwriting Agreement").

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Not for Distribution in the United States or to U.S. Newswire Services
VANCOUVER, British Columbia, Sept. 29, 2023 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (TSX: NUAG; NYSE American: NEWP) (“New Pacific” or the “Company”) announced today that it has closed (the "Closing") the bought deal financing that was previously announced on September 25, 2023.
Silvercorp Metals Inc. (“Silvercorp”) participated in the Offering by subscribing for 2,541,890 Offered Shares, representing approximately US$5 million in gross proceeds (approximately C$6.7 million).
As of the Closing, Silvercorp owns, directly and indirectly, approximately 27.4% of the outstanding common shares of the Company (the "Common Shares").
Pan American Silver Corp. (“Pan American”) participated in the Offering by subscribing for 5,083,780 Offered Shares, representing approximately US$10 million in gross proceeds (approximately C$13.5 million).

New Pacific Metals Announces C$35 Million Bought Deal Financing

Retrieved on:

Monday, September 25, 2023

VANCOUVER, British Columbia, Sept. 25, 2023 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (TSX: NUAG; NYSE American: NEWP) (“New Pacific” or the “Company”) announced today that it has entered into an agreement with Raymond James Ltd. and Eight Capital (the “Co-Lead Underwriters”), on behalf of a syndicate of underwriters (together with the Co-Lead Underwriters, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 13,208,000 common shares of the Company (the “Common Shares”) at a price of C$2.65 per Common Share, for total gross proceeds of approximately C$35 million (the “Offering”). The Company will also grant to the Underwriters an over-allotment option (the “Over-Allotment Option”) to purchase up to 1,981,200 additional Common Shares (the “Over-Allotment Shares”). The Over-Allotment Option will be exercisable for a period of 30 days following closing.

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The Company will also grant to the Underwriters an over-allotment option (the “Over-Allotment Option”) to purchase up to 1,981,200 additional Common Shares (the “Over-Allotment Shares”).
The Over-Allotment Option will be exercisable for a period of 30 days following closing.
Silvercorp Metals Inc. (“Silvercorp”) has indicated its intent to participate in the Offering by subscribing to 2,541,890 Common Shares representing approximately US$5 million in gross proceeds (approximately C$6.7 million).
In addition, Pan American Silver Corp. (“Pan American”) has indicated its intent to participate in the Offering by subscribing to 5,083,780 Common Shares representing approximately US$10 million in gross proceeds (approximately C$13.5 million).

New Pacific Metals Announces C$35 Million Bought Deal Financing

Retrieved on:

Monday, September 25, 2023

The Company will also grant to the Underwriters an over-allotment option (the “Over-Allotment Option”) to purchase up to 1,981,200 additional Common Shares (the “Over-Allotment Shares”).

Key Points:

The Company will also grant to the Underwriters an over-allotment option (the “Over-Allotment Option”) to purchase up to 1,981,200 additional Common Shares (the “Over-Allotment Shares”).
The Over-Allotment Option will be exercisable for a period of 30 days following closing.
Silvercorp Metals Inc. (“Silvercorp”) has indicated its intent to participate in the Offering by subscribing to 2,541,890 Common Shares representing approximately US$5 million in gross proceeds (approximately C$6.7 million).
In addition, Pan American Silver Corp. (“Pan American”) has indicated its intent to participate in the Offering by subscribing to 5,083,780 Common Shares representing approximately US$10 million in gross proceeds (approximately C$13.5 million).

New Pacific Metals Announces CEO Transition and New Appointment to the Board

Retrieved on:

Monday, September 11, 2023

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VANCOUVER, BC, Sept. 11, 2023 /PRNewswire/ - New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) ("New Pacific" or the "Company") announces today that Dr. Rui Feng, New Pacific's founder and Chief Executive Officer ("CEO"), has stepped down as CEO.

Key Points:

VANCOUVER, BC, Sept. 11, 2023 /PRNewswire/ - New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) ("New Pacific" or the "Company") announces today that Dr. Rui Feng, New Pacific's founder and Chief Executive Officer ("CEO"), has stepped down as CEO.
"Having founded New Pacific and made discovery of the Silver Sand deposit, I left the Company as CEO in April 2020 as a corporate governance initiative.
Rui has worked closely with Andrew and the Board is pleased to have Mr. Williams promoted as the CEO.
He has been a director and officer of a number of public companies, and is currently the lead independent director of Silvercorp Metals Inc.

New Pacific Intersects 524 Metres Grading 1.24 Grams Per Tonne Gold at the Carangas Project, Bolivia

Retrieved on:

Tuesday, February 21, 2023

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Assay results and drill hole specifications are listed in Tables 1 and 2.

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Assay results and drill hole specifications are listed in Tables 1 and 2.
As reported on August 8, 2022, hole DCAr0044 intercepted 515 m (from 266 m to 781 m) grading 1.10 g/t Au and 6 g/t Ag, including 88 m grading 2.57 g/t Au, 9 g/t Ag and 0.12% Cu (Figure 2).
In addition, high gold assay grades also occur along the contacts of rhyolites with strongly altered volcanoclastic rocks, implying that gold mineralization is related to the rhyolite intrusion.
The mineralized rhyolites in hole DCAr0096 are likely part of a feeder zone to the northeast whereas previously, gold mineralization was thought to have extended to the south at depth.

NEW PACIFIC APPOINTS ANDREW WILLIAMS AS PRESIDENT

Retrieved on:

Thursday, January 26, 2023

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VANCOUVER, BC, Jan. 26, 2023 /PRNewswire/ - New Pacific Metals Corp. ("New Pacific" or the "Company") (TSX: NUAG) (NYSE: NEWP) is pleased to announce the appointment of Mr. Andrew Williams to the position of President effective immediately.

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VANCOUVER, BC, Jan. 26, 2023 /PRNewswire/ - New Pacific Metals Corp. ("New Pacific" or the "Company") (TSX: NUAG) (NYSE: NEWP) is pleased to announce the appointment of Mr. Andrew Williams to the position of President effective immediately.
Prior to joining New Pacific, Mr. Williams spent the last 11 years with SEC-registered investment fund Sun Valley Gold LLC, most recently as portfolio manager.
Mr. Williams began his career at Deloitte providing audit and financial advisory services to mining companies in Vancouver.
Dr. Rui Feng, CEO and Founder of New Pacific, commented, "We are very pleased to welcome Andrew to the New Pacific team.

New Pacific Intersects 505 Metres Grading 1.22 Grams Per Tonne Gold at the Carangas Project, Bolivia

Retrieved on:

Tuesday, January 24, 2023

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At Carangas, thick gold mineralization occurs beneath a shallow silver horizon measuring approximately 1,000 metres ("m") long, 800 m wide and up to 200 m thick.

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At Carangas, thick gold mineralization occurs beneath a shallow silver horizon measuring approximately 1,000 metres ("m") long, 800 m wide and up to 200 m thick.
Hole DCAr0094 intersected, from 228.5 m to 733.12 m, a 504.62 m gold interval grading 1.22 grams per tonne ("g/t") gold ("Au") and 13 g/t silver ("Ag"), including a 124.69 m higher grade interval (from 479.46 m to 604.15 m) grading 2.77 g/t Au, 14 g/t Ag and 0.11% copper ("Cu"), including a 44.73 m sub-interval (from 559.42 m to 604.15 m) grading 5.03 g/t Au, 19 g/t Ag and 0.16% Cu.
The hole also intersected, from 47.65 m to 149.23 m, a 101.58 m silver interval grading 64 g/t silver equivalent ("AgEq"), comprising 18 g/t Ag, 0.2%Pb, and 0.85% Zn.
From 171.34 m to 685.0 m, the hole intersected a 513.66 m gold interval grading 0.72 g/t Au and 7 g/t Ag, including a 112.11 m interval (from 450.42 m to 562.53) grading 1.82 g/t Au and 9 g/t Ag.

Massive $6.7 Billion Gold Deal Signals More M&A on the Horizon

Retrieved on:

Tuesday, June 7, 2022

NEW YORK, June 7, 2022 /PRNewswire/ -- Last year, the gold market saw several monumental mergers and acquisitions (M&A), and 2022 is following that same pattern. Depleting gold reserves, market pressure to bolster valuations and gold asset scarcity are sending larger miners on the lookout for gold exploration companies with higher-quality projects. The latest deal to hit the gold space came last week when South African mining group Gold Fields (NYSE: GFI) agreed to buy Yamana Gold Inc. (NYSE: AUY) in an all-stock deal valued at $6.7 billion. According to Gold Fields' CEO Chris Griffith, the Company wanted to grow its pipeline, create a presence in Canada and bulk up its South American operations, shining the spotlight on companies like New Pacific Metals Corp. (NYSE: NEWP) (TSX: NUAG), GoldMining (NYSE: GLDG) (TSX: GOLD), and SSR Mining (NASDAQ: SSRM) (TSX: SSRM) with projects in the Americas.

Key Points:

Depleting gold reserves, market pressure to bolster valuations and gold asset scarcity are sending larger miners on the lookout for gold exploration companies with higher-quality projects.
The latest deal to hit the gold space came last week when South African mining group Gold Fields (NYSE: GFI) agreed to buy Yamana Gold Inc. (NYSE: AUY) in an all-stock deal valued at $6.7 billion.
According to the transaction terms, Gold Fields will exchange 0.6 normal Gold Fields shares or 0.6 American depositary shares for every Yamana Share outstanding.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Massive $6.7 Billion Gold Deal Signals More M&A on the Horizon

Retrieved on:

Tuesday, June 7, 2022

NEW YORK, June 7, 2022 /PRNewswire/ -- Last year, the gold market saw several monumental mergers and acquisitions (M&A), and 2022 is following that same pattern. Depleting gold reserves, market pressure to bolster valuations and gold asset scarcity are sending larger miners on the lookout for gold exploration companies with higher-quality projects. The latest deal to hit the gold space came last week when South African mining group Gold Fields (NYSE: GFI) agreed to buy Yamana Gold Inc. (NYSE: AUY) in an all-stock deal valued at $6.7 billion. According to Gold Fields' CEO Chris Griffith, the Company wanted to grow its pipeline, create a presence in Canada and bulk up its South American operations, shining the spotlight on companies like New Pacific Metals Corp. (NYSE: NEWP) (TSX: NUAG), GoldMining (NYSE: GLDG) (TSX: GOLD), and SSR Mining (NASDAQ: SSRM) (TSX: SSRM) with projects in the Americas.

Key Points:

Depleting gold reserves, market pressure to bolster valuations and gold asset scarcity are sending larger miners on the lookout for gold exploration companies with higher-quality projects.
The latest deal to hit the gold space came last week when South African mining group Gold Fields (NYSE: GFI) agreed to buy Yamana Gold Inc. (NYSE: AUY) in an all-stock deal valued at $6.7 billion.
According to the transaction terms, Gold Fields will exchange 0.6 normal Gold Fields shares or 0.6 American depositary shares for every Yamana Share outstanding.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.