Peruvian Metals Announces Private Placement

Rhea-AI Summary

Peruvian Metals (OTC: DUVNF) arranged a non-brokered private placement to raise up to $750,000 by issuing 5,000,000 units at $0.15 per unit. Each unit comprises one common share and one-half warrant (one warrant per two units).

Each warrant is exercisable at $0.20 for two years and includes an acceleration provision if the share price trades at $0.40 or higher for five consecutive trading days. Securities will be subject to a four-month-plus-one-day hold period. Closing is subject to TSX Venture Exchange final approval.

Positive

• Raised up to $750,000 to fund operations
• Proceeds earmarked for Aguila Norte plant expansion

Negative

• Issuance of 5,000,000 units creates potential shareholder dilution
• Warrants exercisable at $0.20 could add further dilution if exercised
• Closing subject to TSXV approval, creating execution risk

Edmonton, Alberta--(Newsfile Corp. - March 12, 2026) - Peruvian Metals Corp. (TSXV: PER) ("Peruvian Metals" or the "Company") is pleased to announce that it has arranged a non-brokered private placement for gross proceeds of up to $750,000 which will be used to make improvements and additions for expansion to its Aguila Norte processing plant, for potential new acquisitions, and for general working capital. The placement will consist of 5,000,000 units at a price of $0.15 per unit, each unit being comprised of one common share and one-half non-transferable share purchase warrant. The common shares, warrants, and any shares issued on the exercise of warrants will be subject to a hold period expiring four months and one day following the date of issue.

Each warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.20 per common share for a period of two years following the closing date. The warrants will be subject to an acceleration clause; in the case that market price for the Company's common shares is equal to or greater than $0.40 per share for a period of five consecutive trading days at any point during the term of the warrants, then the Company may deliver a notice that the warrants must be exercised within thirty days from the date of delivery of such notice. Completion of the private placement is subject to final approval of the TSX Venture Exchange.

About Peruvian Metals Corp.

Peruvian Metals Corp. is a Canadian Exploration and Mineral Processing company. The Company's business model is to produce high grade concentrates from its 100% owned Properties. The Company continues to acquire and develop precious and base metal properties in Peru.

For further information on Peruvian Metals Corp. please visit www.peruvianmetals.com.

Peruvian Metals Corp. is a Canadian resource company listed on the
TSX Venture Exchange: Symbol "PER"
For additional information, contact: Jeffrey Reeder Tel: (647) 302-3290
Website: www.peruvianmetals.com Email: jeffrey.reeder@peruvianmetals.com

Neither the 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.

Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. We use words such as "might", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedarplus.ca. While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288178

FAQ

What is Peruvian Metals (DUVNF) private placement size and unit price?

The placement is up to $750,000, sold as 5,000,000 units at $0.15 each. According to the company, each unit includes one common share plus one-half warrant, implying one warrant per two units.

How do the warrants in the DUVNF placement work and when do they expire?

Each warrant allows purchase of one common share at $0.20 and expires two years after closing. According to the company, warrants include an acceleration clause tied to a sustained $0.40 share price.

What are the planned uses of proceeds from the DUVNF private placement?

Proceeds will fund Aguila Norte processing plant improvements and expansion, potential acquisitions, and general working capital. According to the company, the funds are allocated across plant expansion, acquisition opportunities, and operating needs.

Will Peruvian Metals (DUVNF) shares be restricted after issuance?

Yes; common shares, warrants, and any shares from exercised warrants will be subject to a four-month-plus-one-day hold period. According to the company, this hold period applies from the date of issue.

What triggers warrant acceleration for DUVNF and what is the notice period?

Acceleration may occur if the common share trades at or above $0.40 for five consecutive trading days. According to the company, holders would then have 30 days to exercise after receiving notice.