Pan American Announces $900,000 Charity Flow Through Offering
CALGARY, Alberta, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (the "Company" or "Pan American") (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS60) is pleased to announce that it intends to complete a non-brokered charity flow through private placement of Common Shares of the Company ("CS") at a price of $0.66 per CS for aggregate gross proceeds of up to $900,000 ("FT Offering").
- CALGARY, Alberta, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (the "Company" or "Pan American") (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS60) is pleased to announce that it intends to complete a non-brokered charity flow through private placement of Common Shares of the Company ("CS") at a price of $0.66 per CS for aggregate gross proceeds of up to $900,000 ("FT Offering").
- Subject to compliance with the policies of the Canadian Securities Exchange ("CSE") and applicable securities legislation, the Company may pay finder’s fees in connection with the FT Offering.
- The CS issued under the FT Offering are intended to qualify as “flow through shares” within the meaning of the Income Tax Act (Canada).
- The securities issued pursuant to the FT Offering will be subject to a four-month hold period from the closing date.