Pan American Energy Corp.: Amended Private Placement Financing Announcement
Calgary, Alberta – Pan American Energy Corp. (CSE: PNRG, OTCQB: PAANF, FRA: SS60) (the “Company”) is pleased to provide an update on its previously announced non-brokered private placement financing (the “Common Share Private Placement”). The Company has filed an amended offering document (the “Amended Offering Document”) in connection with the Common Share Private Placement.
Details of the Amended Offering Document
The Amended Offering Document outlines the terms and conditions for the issuance of common shares (each, a “Common Share”) of the Company. The Company intends to issue a minimum of 2,416,667 Common Shares at a price of C$0.18 per Common Share, for minimum aggregate gross proceeds of C$435,000.
Contingencies for the Common Share Private Placement
The completion of the Common Share Private Placement will be contingent upon the Company issuing the minimum number of Common Shares at the offering price. Proceeds from the Common Share Private Placement will be used to fund ongoing operations and for general working capital purposes.
Impact on Investors
The Common Share Private Placement represents an opportunity for investors to invest in Pan American Energy Corp. at a price lower than the current market price. By subscribing for Common Shares under the Common Share Private Placement, investors will become shareholders of the Company and will be entitled to participate in the Company’s future growth. The Company’s recent financial statements indicate a positive trend in revenue and net income, indicating potential for future growth.
Impact on the World
The successful completion of the Common Share Private Placement will provide Pan American Energy Corp. with the necessary funds to continue its operations and potentially expand its business. The Company is engaged in the exploration, development, and production of oil and natural gas in South America. The energy sector is a critical component of the global economy, and the Company’s operations contribute to the global energy supply. The success of the Common Share Private Placement may lead to increased investor confidence in the Company and the energy sector as a whole.
Conclusion
Pan American Energy Corp. is pleased to announce the filing of the Amended Offering Document in connection with its Common Share Private Placement. The Company intends to issue a minimum of 2,416,667 Common Shares at a price of C$0.18 per Common Share, for minimum aggregate gross proceeds of C$435,000. Proceeds from the Common Share Private Placement will be used to fund ongoing operations and for general working capital purposes. The Common Share Private Placement represents an opportunity for investors to invest in the Company at a lower price than the current market price and become shareholders of the Company. The successful completion of the Common Share Private Placement may lead to increased investor confidence in the Company and the energy sector as a whole.
- Pan American Energy Corp. files amended offering document for Common Share Private Placement
- Minimum of 2,416,667 Common Shares to be issued at C$0.18 per Common Share
- Proceeds to be used for ongoing operations and working capital
- Investment opportunity for those looking to invest in the Company
- Successful completion may lead to increased investor confidence in Company and energy sector
