New Pacific Metals Corp., a Canadian exploration and development company, has announced the filing of a final short form base shelf prospectus to replace its expired prospectus. The new prospectus, filed with securities regulatory authorities in Canada and the United States Securities and Exchange Commission, will provide the company with flexibility and efficiency for future financings.
The Prospectus and Registration Statement will allow New Pacific Metals Corp. to offer up to US$200 million of common shares, preferred shares, debt securities, warrants, units, or subscription receipts. These offerings can be made separately or together, in amounts and prices determined based on market conditions at the time of the offering. The specific terms of each offering will be established in accompanying prospectus supplements filed with the relevant securities regulatory authorities.
The Prospectus is valid for a 25-month period and aims to support the company’s financing needs in the future. The filing of this new prospectus replaces the company’s prior prospectus, which had expired in August 2023.
A copy of the Prospectus can be obtained from the Company’s SEDAR+ profile on www.sedarplus.ca, while a copy of the Registration Statement is available on the Company’s EDGAR profile at www.sec.gov. Interested individuals can also request a copy directly from the company.
It is important to note that this news release does not constitute an offer to sell or a solicitation of an offer to buy these securities, and any sale must comply with the securities laws of the respective jurisdiction.
New Pacific Metals Corp. is primarily focused on precious metal projects in Bolivia. The company’s flagship project is the Silver Sand Silver project, and it also holds the Carangas Silver-Gold project and the Silverstrike Silver-Gold project.
By filing the final short form base shelf prospectus, New Pacific Metals Corp. is positioning itself for future financings and ensuring flexibility in the raising of funds. With a solid portfolio of precious metal projects, the company is well-positioned for continued growth and exploration in the resource-rich region of Bolivia.
