Toronto Stock Exchange-listed mining and exploration junior Pambili Natural Resources Corporation has set the stage for a significant leap in its development trajectory with the announcement of a non-brokered private placement of up to 2 million units, generating proceeds of C$100,000.
Rudairo Mapuranga
The move marks a pivotal moment for Pambili as it seeks to bolster its operations, particularly following the acquisition of the Golden Valley mine in Zimbabwe.
The Offering, comprising Units priced at $0.05 each, presents an enticing opportunity for investors to engage with Pambili’s growth journey. Each Unit encompasses one common share and one warrant, with the latter offering the holder the right to acquire one common share at a predetermined price within a specified timeframe. This strategic initiative is poised to infuse Pambili with the necessary financial impetus to advance its objectives.
While the participation of certain directors or officers in the Offering constitutes a “related party transaction,” Pambili is leveraging exemptions to streamline the process, ensuring compliance with regulatory standards while maintaining momentum.
The company’s CEO, Jon Harris, emphasizes the significance of this Offering as it not only garners support from insiders but also attracts attention from international investors, underlining the growing global interest in Pambili’s endeavors.
“Although the Offering is backed by insiders, there is strong support from new international investors who have been following the Pambili story with interest since our previously announced acquisition of the Golden Valley mine in Zimbabwe. Their participation in the Offering is an endorsement of our approach to provide attractive shareholder returns through the consolidation of underexplored and underdeveloped gold projects in Zimbabwe,” Harris said.
The infusion of capital from this Offering is earmarked for general working capital, underscoring Pambili’s commitment to prudent financial management and strategic allocation of resources. The Corporation’s focus on consolidating underexplored and underdeveloped gold projects in Zimbabwe aligns with its overarching objective of delivering sustainable shareholder value.
Pambili’s journey, characterized by strategic acquisitions and prudent financial management, continues to capture the imagination of investors worldwide. The allure of the Golden Valley mine, coupled with Pambili’s vision and execution prowess, positions the Corporation as a compelling investment proposition in the ever-evolving natural resources landscape. As Pambili harnesses the support of both insiders and international investors, it embarks on a transformative phase poised to unlock new avenues of growth and prosperity.
PS: This is not the Patchway based Golden Valley mine owned by the John Mack Company.
