PNN:CC - Pambili Closes First Tranche Of C$1-Million Private Placement
(TheNewswire)
CALGARY, Canada (Aug. 27,2025 ) – TheNewswire - Pambili Natural Resources Corporation("Pambili" or the "Company") (TSX-V: PNN) is pleased to announce that it has secured C$138,500 as the first tranche (“Tranche”)of the C$1-million non-brokered private placement (the“Offering”), previously announced on June 23, 2025.
As announced on July 3, 2025, the Company is subject toa Failure to File Cease Trade Order (“FFCTO”) issued by theAlberta Securities Commission (the “ASC”). Accordingly, theCompany has applied to the ASC for a partial revocation of the FFCTOto enable the closing of the Tranche.
Subject to the approval of theASC and the TSX Venture Exchange (the “Exchange”), the Company will issue two million, seven hundred and seventy-seven thousand (2,770,000) Units to subscribers of the Tranche.
Each Unit is offered at C$0.05 and comprisesone common share (“Common Share”) and one common share purchasewarrant (“Warrant”) with an exercise price of C$0.10 , exercisablefor a period of one year from closing of the Offering. Notwithstandingany restrictions of the FFCTO, Units issued pursuant to the Trancheshall be subject to a four-month-plus-one-day hold period(“ Hold Period“), commencing on the date of issue under applicable Canadiansecurities laws.
The Tranche will provide the general working capitalrequired to complete the audit of and file the Company’s FinancialStatements for the year ended Dec. 31, 2024, as well as completing andfiling the unaudited financial statements for Q1 and Q2 2025. Theproposed use of proceeds is summarized below:
Audit Fees $ 90,000
Accounting Fees ,000
Legal Fees $ 15,000
Filing Fees $ 8,500
General & Administration ,000
Tranche Total $138,500
Once the FFCTO has been lifted, and subject to Exchangeapproval, Pambili intends to complete the Offering on the originalterms.
Jon Harris, Chief Executive Officer of Pambili NaturalResources, commented:
“ Pambili’s receipt of the first trancheof the planned C$1-million raise is an endorsement of the potential ofthe Company’s gold projects in Zimbabwe. We continue to believe thatPambili is poised for growth, particularly in today’s high goldprice environment. We look forward to completing the raise immediatelyfollowing the lifting of the FFCTO.”
About Pambili Natural ResourcesCorporation: Pambili Natural ResourcesCorporation is a natural resources exploration and development company( www.pambilinrc.com ) currentlydeveloping gold projects in Zimbabwe.
For further information,contact:
Pambili NaturalResources Corporation
T : 403 2774421
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
Caution Regarding Forward-Looking InformationForward-looking statements. Certain information set forth in this newsrelease may contain forward-looking statements that involvesubstantial known and unknown risks and uncertainties. Forward-lookingstatements are often, but not always, identified by words such as“believes”, “may”, “likely”, “plans”, or similarwords. Forward- looking statements included in this news releaseinclude statements with respect to work to be done on its goldprojects in Zimbabwe. These forward-looking statements are subject tonumerous risks and uncertainties, certain of which are beyond thecontrol of the Corporation, including, but not limited to the impactof general economic conditions, industry conditions, currencyfluctuations, and dependence upon regulatory approvals. TheCorporation does not assume any obligation to update theforward-looking statements to reflect changes in assumptions orcircumstances other than as required by applicable law.
Readers are cautioned not to place undue reliance onForward-looking statements.
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