(TheNewswire)
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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 to a Failure to File Cease Trade Order (“FFCTO”) issued by the Alberta Securities Commission (the “ASC”). Accordingly, the Company has applied to the ASC for a partial revocation of the FFCTO to enable the closing of the Tranche.
Subject to the approval of the ASC 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 comprises one common share (“Common Share”) and one common share purchase warrant (“Warrant”) with an exercise price of C$0.10, exercisable for a period of one year from closing of the Offering. Notwithstanding any restrictions of the FFCTO, Units issued pursuant to the Tranche shall be subject to a four-month-plus-one-day hold period (“Hold Period“), commencing on the date of issue under applicable Canadian securities laws.
The Tranche will provide the general working capital required to complete the audit of and file the Company’s Financial Statements for the year ended Dec. 31, 2024, as well as completing and filing the unaudited financial statements for Q1 and Q2 2025. The proposed use of proceeds is summarized below:
Audit Fees $ 90,000
Accounting Fees $ 15,000
Legal Fees $ 15,000
Filing Fees $ 8,500
General & Administration $ 10,000
Tranche Total $138,500
Once the FFCTO has been lifted, and subject to Exchange approval, Pambili intends to complete the Offering on the original terms.
Jon Harris, Chief Executive Officer of Pambili Natural Resources, commented:
“Pambili’s receipt of the first tranche of the planned C$1-million raise is an endorsement of the potential of the Company’s gold projects in Zimbabwe. We continue to believe that Pambili is poised for growth, particularly in today’s high gold price environment. We look forward to completing the raise immediately following the lifting of the FFCTO.”
About Pambili Natural Resources Corporation: Pambili Natural Resources Corporation is a natural resources exploration and development company (www.pambilinrc.com) currently developing gold projects in Zimbabwe.
For further information, contact:
Pambili Natural Resources Corporation
T: 403 277 4421
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Information Forward-looking statements. Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often, but not always, identified by words such as “believes”, “may”, “likely”, “plans”, or similar words. Forward- looking statements included in this news release include statements with respect to work to be done on its gold projects in Zimbabwe. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Corporation, including, but not limited to the impact of general economic conditions, industry conditions, currency fluctuations, and dependence upon regulatory approvals. The Corporation does not assume any obligation to update the forward-looking statements to reflect changes in assumptions or circumstances other than as required by applicable law.
Readers are cautioned not to place undue reliance on Forward-looking statements.
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