South Pacific Metals (SPMEF) SEC Filings

South Pacific Metals Corp. reported a Rule 506(b) exempt offering of units, each comprising 1 common share and 1 common share purchase warrant. It reported $1,895,513 USD sold and $23,942,821 USD remaining to be sold; the additional amount may be received upon exercise of warrants if exercised in the U.S.

Each whole warrant entitles its holder to purchase 1 additional common share at CDN$1.40 per share for a 24-month period. The first sale date was September 23, 2026. The company stated that some offering proceeds may be used in the ordinary course of business to pay salaries to certain executive officers and directors; finders' fees were $0 USD.