Latest news with #PampaMetals
The Market Online
7 days ago
- Business
- The Market Online
Introducing Andina Copper Corp.
Andina Copper Corp. (formerly Pampa Metals) is a South America-focused copper explorer with key projects in Argentina, Colombia, and Chile The company is advancing two major copper discoveries and a promising undrilled copper-gold target near Marimaca Copper's assets in Chile Andina is preparing for exploration campaigns and pursuing a dual listing on the ASX and TSXV to expand its investor reach Andina Copper stock (CSE:ANDC) last traded at $0.26 A new name is making waves in the copper exploration sector: Andina Copper Corp. (CSE:ANDC), formerly known as Pampa Metals, has officially launched its rebrand and business pivot to become a copper-focused explorer across South America. With a portfolio spanning Argentina, Colombia, and Chile, Andina Copper is working to position itself at the forefront of the continent's mineral-rich copper belt. This content has been prepared as part of a partnership with Andina Copper Corp. and is intended for informational purposes only. Via a news release, the company boasts two significant copper discoveries along the world's premier copper-producing corridor and holds a high-potential undrilled copper-gold target next to Marimaca Copper's (TSXV:MARI) Pampa Medina sulphide and Pias discoveries in northern Chile. Purpose-driven strategy for growth Andina Copper's mission is clear: to deliver substantial shareholder value through rapid and focused exploration. Its three-pronged strategy includes: Advancing the Piuquenes Cu-Au Project (San Juan, Argentina): Preparations are underway for the 2025/26 field season at this promising porphyry system. Preparations are underway for the 2025/26 field season at this promising porphyry system. Restarting drilling at Cobrasco Cu-Mo Project (Chocó, Colombia): Field mobilization is imminent as the company resumes work on this high-grade porphyry target. Field mobilization is imminent as the company resumes work on this high-grade porphyry target. Assessing the Mantau Cu-Au Target (Antofagasta, Chile): Initial field reconnaissance is in progress at this compelling copper-gold prospect. Dual listing strategy In a move to broaden its investor base and enhance market visibility, Andina Copper is pursuing a dual listing on the Australian Securities Exchange (ASX) and the TSX Venture Exchange (TSXV). This step reflects the company's commitment to transparency, growth, and global engagement. Andina Copper stock (CSE:ANDC) last traded at $0.26 and has risen 65.63 per cent since the year began. Join the discussion: Find out what the Bullboards are saying about Andina Copper and check out Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
Hamilton Spectator
25-07-2025
- Business
- Hamilton Spectator
Pampa Metals and Rugby Resources Complete Arrangement Transaction
Vancouver, British Columbia, July 25, 2025 (GLOBE NEWSWIRE) — Pampa Metals Corporation ('Pampa Metals') (CSE:PM / FSE:FIR / OTCQB:PMMCF) and Rugby Resources Ltd. ('Rugby') (TSXV:RUG) are pleased to announce completion of the acquisition of all the issued and outstanding common shares of Rugby (the 'Rugby Shares') by Pampa Metals ( refer April 22, 2025 News Release ). Under the terms of the court approved arrangement (the 'Arrangement'), 65,165,185 common shares of Pampa Metals (the 'Pampa Shares') are being issued in connection with closing to former Rugby shareholders on the basis of one Pampa Share for every 6.4 Rugby Shares. In connection with the Arrangement, Bryce Roxburgh, outgoing President and CEO, of Rugby has been appointed to the board of directors of Pampa Metals and will also remain a director of Rugby. Arrangement Highlights: Joseph van den Elsen, Pampa Metals President and CEO commented: 'This is an exciting time to be a Pampa Metals shareholder. This year we have significantly expanded the footprint of the Piuquenes Central porphyry system and the recent discovery of a second Cu-Au mineralized porphyry-breccia system at Piuquenes East confirms the project is host to multiple mineralized porphyry systems. Securing the Cobrasco and Mantau projects via the acquisition of Rugby has added an exciting pipeline of high-quality, advanced stage South American copper exploration projects to our portfolio. Rugby has already demonstrated Cobrasco to be an exceptional exploration opportunity based on the potential size and grade of the porphyry system. Bryce's deep industry experience and first-hand working knowledge is an invaluable addition to the Board, as we rapidly explore the potential for a world class copper deposit discovery at Cobrasco. Concurrently, we have commenced reconnaissance field work at the Mantau project, strategically located in the world's leading copper producing region '. Mr. Bryce Roxburgh, President and CEO of Rugby Resources, commented, 'The outgoing Board of Rugby believes the closing of this transaction will be transformative for Rugby shareholders. It works for three reasons. Firstly, it creates the opportunity to advance exploration on the Rugby copper portfolio and most significantly the Cobrasco copper-molybdenum discovery. We have been under financed for several years and have not remotely done justice to the calibre of the discovery. Secondly, shareholders have the upside of Pampa's Piuquenes copper-gold project. The deposit is high grade by industry standards and strategically located. Importantly there is potential for further discoveries in the project area. The third reason is Joseph van den Elsen's ability to communicate with shareholders and the mining industry. I believe I can work with him and the Board to bring further successes to Pampa Metals and bring the financial rewards for shareholders that we have worked so hard to achieve. Lastly, I would like to thank the Rugby team for their incredible effort and loyalty both in the field and in our corporate office'. Following the Arrangement, former Rugby shareholders hold approximately 30.86% of the issued and outstanding Pampa Shares. The TSX Venture Exchange (the 'TSXV') will disseminate a notice announcing the delisting of the Rugby Shares. Pampa Metals will cause Rugby to apply to the relevant Canadian securities regulatory authorities to cease to be a reporting issuer under applicable Canadian securities laws. Bryce Roxburgh Biography Bryce Roxburgh was a founding shareholder of Rugby with 50 years' experience in the exploration and mining industry. Bryce initially worked for Amoco Minerals Australia Company and Cyprus Mines Corporation as Regional Manager for Eastern Australia & South East Asia until 1989, where his exploration teams discovered the Selwyn and Red Dome mines. For the next decade, he was Exploration Manager for Arimco N.L. and Climax Mining Limited in Eastern Australia, South East Asia and South America where his teams which discovered the Didipio gold-copper mine in the Philippines. In 2003 he established and managed Exeter Resource Corporation which discovered the Caspiche copper gold porphyry in Chile, which was subsequently acquired by Goldcorp (now Newmont). Bryce was co-Chairman of Extorre Gold Mines Ltd which was spun-out from Exeter with the Cerro Moro gold silver discovery in Argentina. Extorre was acquired by Yamana Gold (now Pan American Silver). Spinout and Aegis Resources Ltd. Additionally, under the terms of the Arrangement, for every ten Rugby Shares held, Rugby shareholders received one common share in a new exploration company, Aegis Resources Ltd. ('Aegis'), which became a reporting issuer in British Columbia and Alberta as a result of the Arrangement. There is no current intention to list common shares of Aegis on a stock exchange. As part of the Arrangement, the following assets were transferred from Rugby to Aegis: (a) A 20% joint venture interest in the Cobrasco Project which is free-carried to completion of a feasibility study; (b) The El Zanjon and Venidero gold-silver projects in Argentina; (c) A joint venture interest in the Georgetown Project, a copper gold exploration project in Australia; and (d) A 1.5% net smelter return royalty (NSR) over the Mantau iron-oxide-copper-gold project, subject to right to buy-back a 0.5% NSR at fair market value within 12 months of completing a preliminary feasibility study recommending advancing to a full feasibility study. Letter of Transmittal Registered Rugby shareholders should send their completed and executed letters of transmittal and their Rugby share certificates to the depository, Odyssey Trust Company, as soon as possible in order to receive the consideration, being both the Pampa Metals Shares and the Shares of Aegis, to which they are entitled under the Arrangement. Non-registered Rugby shareholders who hold shares through a broker or another intermediary should follow the instructions provided to them by their broker or such other intermediary. A copy of the letter of transmittal is available on SEDAR+ at under the Rugby profile. ON BEHALF OF THE BOARD Joseph van den Elsen | President & CEO | joseph@ INVESTOR CONTACT | Jordan Webster | Jordan@ ON BEHALF OF THE RUGBY BOARD Bryce Roxburgh | Director| rox@ Tel: 604.688.4941 ABOUT PAMPA METALS Pampa Metals is a copper-gold exploration company listed on the Canadian Stock Exchange (CSE:PM), Frankfurt (FSE: FIR), and OTC (OTCQB: PMMCF) exchanges, rapidly advancing two high potential copper discoveries in the prolific Andean porphyry belts of Argentina, Colombia. The Company has been actively drilling multiple porphyry copper-gold discoveries on the Piuquenes Copper-Gold Project in San Juan Province, Argentina under an Option and Joint Venture Agreement (earning an 80% interest) signed in November 2023. In July 2025, Pampa Metals completed the acquisition of Rugby Resources (TSXV: RUG) and its Cobrasco and Mantau copper projects in Colombia and Chile respectively. Cobrasco is a new copper discovery of potential scale in the early stages of exploration. FORWARD-LOOKING STATEMENT This news release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. These forward-looking statements or information may relate to the expected timing for delisting of the Rugby Shares, expectations regarding the application for Rugby to cease to be a reporting issuer as well as Pampa Metals' ongoing business plan, exploration and work program. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, assumptions regarding expectations and assumptions concerning the Arrangement, and that general business and economic conditions will not change in a material adverse manner. Although Pampa Metals and Rugby have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Such statements represent the current views of Pampa Metals and Rugby with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by Pampa Metals and Rugby, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited to the following: the Canadian Securities Exchange not providing final approval to the Arrangement and all required matters related thereto; changes to Pampa Metals and/or Rugby's current and future business plans and the strategic alternatives available thereto; and regulatory determinations and delays. Other factors which could materially affect such forward-looking information are described in each of Pampa Metals and Rugby's management discussion and analysis and financial statements for each of the companies most recent fiscal year end and in Pampa Metals and Rugby's other filings with the Canadian securities regulators which are available under their respective profiles on SEDAR+ at . Pampa Metals and Rugby do not undertake to update any forward-looking information, except in accordance with applicable securities laws. Neither the Canadian Securities Exchange, the TSX Venture Exchange nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this release.
Toronto Star
25-07-2025
- Business
- Toronto Star
Pampa Metals and Rugby Resources Complete Arrangement Transaction
Vancouver, British Columbia, July 25, 2025 (GLOBE NEWSWIRE) — Pampa Metals Corporation ('Pampa Metals') (CSE:PM / FSE:FIR / OTCQB:PMMCF) and Rugby Resources Ltd. ('Rugby') (TSXV:RUG) are pleased to announce completion of the acquisition of all the issued and outstanding common shares of Rugby (the 'Rugby Shares') by Pampa Metals (refer April 22, 2025 News Release). Under the terms of the court approved arrangement (the 'Arrangement'), 65,165,185 common shares of Pampa Metals (the 'Pampa Shares') are being issued in connection with closing to former Rugby shareholders on the basis of one Pampa Share for every 6.4 Rugby Shares. In connection with the Arrangement, Bryce Roxburgh, outgoing President and CEO, of Rugby has been appointed to the board of directors of Pampa Metals and will also remain a director of Rugby.
Business Upturn
25-07-2025
- Business
- Business Upturn
Pampa Metals and Rugby Resources Complete Arrangement Transaction
Vancouver, British Columbia, July 25, 2025 (GLOBE NEWSWIRE) — Pampa Metals Corporation ('Pampa Metals') (CSE:PM / FSE:FIR / OTCQB:PMMCF) and Rugby Resources Ltd. ('Rugby') (TSXV:RUG) are pleased to announce completion of the acquisition of all the issued and outstanding common shares of Rugby (the 'Rugby Shares') by Pampa Metals ( refer April 22, 2025 News Release ). Under the terms of the court approved arrangement (the 'Arrangement'), 65,165,185 common shares of Pampa Metals (the 'Pampa Shares') are being issued in connection with closing to former Rugby shareholders on the basis of one Pampa Share for every 6.4 Rugby Shares. In connection with the Arrangement, Bryce Roxburgh, outgoing President and CEO, of Rugby has been appointed to the board of directors of Pampa Metals and will also remain a director of Rugby. Arrangement Highlights: Creation of a Leading South American focused copper explorer holding two significant discoveries along the world's premier copper producing belt, and a compelling undrilled copper-gold target proximate to Marimaca Copper's (TSXV:MARI) Pampa Medina sulphide discovery ( refer 3 July 2025 News Release ). ). Focused strategy to create substantial shareholder value through: Rapid exploration and advancement of the flagship Piuquenes copper-gold porphyry project in San Juan, Argentina, Recommencing drilling at Rugby's Cobrasco copper-moly porphyry discovery in Chocó, Colombia, Initial assessment of the Mantau copper-gold prospect in Antofagasta, Chile. Pursuing a dual listing on the Australian Stock Exchange and the TSX Venture Exchange. Joseph van den Elsen, Pampa Metals President and CEO commented: 'This is an exciting time to be a Pampa Metals shareholder. This year we have significantly expanded the footprint of the Piuquenes Central porphyry system and the recent discovery of a second Cu-Au mineralized porphyry-breccia system at Piuquenes East confirms the project is host to multiple mineralized porphyry systems. Securing the Cobrasco and Mantau projects via the acquisition of Rugby has added an exciting pipeline of high-quality, advanced stage South American copper exploration projects to our portfolio. Rugby has already demonstrated Cobrasco to be an exceptional exploration opportunity based on the potential size and grade of the porphyry system. Bryce's deep industry experience and first-hand working knowledge is an invaluable addition to the Board, as we rapidly explore the potential for a world class copper deposit discovery at Cobrasco. Concurrently, we have commenced reconnaissance field work at the Mantau project, strategically located in the world's leading copper producing region '. Mr. Bryce Roxburgh, President and CEO of Rugby Resources, commented, 'The outgoing Board of Rugby believes the closing of this transaction will be transformative for Rugby shareholders. It works for three reasons. Firstly, it creates the opportunity to advance exploration on the Rugby copper portfolio and most significantly the Cobrasco copper-molybdenum discovery. We have been under financed for several years and have not remotely done justice to the calibre of the discovery. Secondly, shareholders have the upside of Pampa's Piuquenes copper-gold project. The deposit is high grade by industry standards and strategically located. Importantly there is potential for further discoveries in the project area. The third reason is Joseph van den Elsen's ability to communicate with shareholders and the mining industry. I believe I can work with him and the Board to bring further successes to Pampa Metals and bring the financial rewards for shareholders that we have worked so hard to achieve. Lastly, I would like to thank the Rugby team for their incredible effort and loyalty both in the field and in our corporate office'. Following the Arrangement, former Rugby shareholders hold approximately 30.86% of the issued and outstanding Pampa Shares. The TSX Venture Exchange (the 'TSXV') will disseminate a notice announcing the delisting of the Rugby Shares. Pampa Metals will cause Rugby to apply to the relevant Canadian securities regulatory authorities to cease to be a reporting issuer under applicable Canadian securities laws. Bryce Roxburgh Biography Bryce Roxburgh was a founding shareholder of Rugby with 50 years' experience in the exploration and mining industry. Bryce initially worked for Amoco Minerals Australia Company and Cyprus Mines Corporation as Regional Manager for Eastern Australia & South East Asia until 1989, where his exploration teams discovered the Selwyn and Red Dome mines. For the next decade, he was Exploration Manager for Arimco N.L. and Climax Mining Limited in Eastern Australia, South East Asia and South America where his teams which discovered the Didipio gold-copper mine in the Philippines. In 2003 he established and managed Exeter Resource Corporation which discovered the Caspiche copper gold porphyry in Chile, which was subsequently acquired by Goldcorp (now Newmont). Bryce was co-Chairman of Extorre Gold Mines Ltd which was spun-out from Exeter with the Cerro Moro gold silver discovery in Argentina. Extorre was acquired by Yamana Gold (now Pan American Silver). Spinout and Aegis Resources Ltd. Additionally, under the terms of the Arrangement, for every ten Rugby Shares held, Rugby shareholders received one common share in a new exploration company, Aegis Resources Ltd. ('Aegis'), which became a reporting issuer in British Columbia and Alberta as a result of the Arrangement. There is no current intention to list common shares of Aegis on a stock exchange. As part of the Arrangement, the following assets were transferred from Rugby to Aegis: (a) A 20% joint venture interest in the Cobrasco Project which is free-carried to completion of a feasibility study; (b) The El Zanjon and Venidero gold-silver projects in Argentina; (c) A joint venture interest in the Georgetown Project, a copper gold exploration project in Australia; and (d) A 1.5% net smelter return royalty (NSR) over the Mantau iron-oxide-copper-gold project, subject to right to buy-back a 0.5% NSR at fair market value within 12 months of completing a preliminary feasibility study recommending advancing to a full feasibility study. Letter of Transmittal Registered Rugby shareholders should send their completed and executed letters of transmittal and their Rugby share certificates to the depository, Odyssey Trust Company, as soon as possible in order to receive the consideration, being both the Pampa Metals Shares and the Shares of Aegis, to which they are entitled under the Arrangement. Non-registered Rugby shareholders who hold shares through a broker or another intermediary should follow the instructions provided to them by their broker or such other intermediary. A copy of the letter of transmittal is available on SEDAR+ at under the Rugby profile. ON BEHALF OF THE BOARD Joseph van den Elsen | President & CEO |[email protected] INVESTOR CONTACT | Jordan Webster |[email protected] ON BEHALF OF THE RUGBY BOARD Bryce Roxburgh | Director| [email protected] Tel: 604.688.4941 ABOUT PAMPA METALS Pampa Metals is a copper-gold exploration company listed on the Canadian Stock Exchange (CSE:PM), Frankfurt (FSE: FIR), and OTC (OTCQB: PMMCF) exchanges, rapidly advancing two high potential copper discoveries in the prolific Andean porphyry belts of Argentina, Colombia. The Company has been actively drilling multiple porphyry copper-gold discoveries on the Piuquenes Copper-Gold Project in San Juan Province, Argentina under an Option and Joint Venture Agreement (earning an 80% interest) signed in November 2023. In July 2025, Pampa Metals completed the acquisition of Rugby Resources (TSXV: RUG) and its Cobrasco and Mantau copper projects in Colombia and Chile respectively. Cobrasco is a new copper discovery of potential scale in the early stages of exploration. FORWARD-LOOKING STATEMENT This news release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. These forward-looking statements or information may relate to the expected timing for delisting of the Rugby Shares, expectations regarding the application for Rugby to cease to be a reporting issuer as well as Pampa Metals' ongoing business plan, exploration and work program. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, assumptions regarding expectations and assumptions concerning the Arrangement, and that general business and economic conditions will not change in a material adverse manner. Although Pampa Metals and Rugby have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Such statements represent the current views of Pampa Metals and Rugby with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by Pampa Metals and Rugby, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited to the following: the Canadian Securities Exchange not providing final approval to the Arrangement and all required matters related thereto; changes to Pampa Metals and/or Rugby's current and future business plans and the strategic alternatives available thereto; and regulatory determinations and delays. Other factors which could materially affect such forward-looking information are described in each of Pampa Metals and Rugby's management discussion and analysis and financial statements for each of the companies most recent fiscal year end and in Pampa Metals and Rugby's other filings with the Canadian securities regulators which are available under their respective profiles on SEDAR+ at Pampa Metals and Rugby do not undertake to update any forward-looking information, except in accordance with applicable securities laws. Neither the Canadian Securities Exchange, the TSX Venture Exchange nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this release. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Business Upturn
08-07-2025
- Business
- Business Upturn
Rugby Resources Ltd. Provides Update on Arrangement with Pampa Metals
Vancouver, B.C., July 08, 2025 (GLOBE NEWSWIRE) — Rugby Resources Ltd. ('Rugby' or the 'Company') (TSX-V: RUG) is pleased to report that it has now filed and mailed materials to the shareholders of Rugby, including the Management Information Circular dated June 9, 2025 (the 'Circular') and related documents for the Special Meeting of the Rugby shareholders to be held in Vancouver on July 16, 2025 at 10:00 a.m. (the 'Meeting'). At the Meeting, shareholders will consider and vote on a Special Resolution (the 'Arrangement Resolution') approving the previously announced Statutory Plan of Arrangement (the 'Arrangement') involving the acquisition by Pampa Metals Corp. ('Pampa Metals') of 100% of the outstanding common shares of Rugby ('Rugby Shares'). Pursuant to the Arrangement, Rugby shareholders will receive one common share of Pampa Metals for every 6.4 Rugby Shares held. In addition, as part of the Arrangement, Rugby shareholders will also receive common shares (Aegis Shares) of a newly incorporated mineral exploration company, Aegis Resources Ltd. (Aegis) on the basis of one Aegis Share for every 10 Rugby Shares held. To be effective, the Arrangement Resolution must be passed by at least two-thirds (66⅔%) of the votes cast by all Rugby shareholders present in person or represented by proxy at the Meeting. The Circular is available under Rugby's profile on SEDAR+ at and posted on Rugby's website. To access the Circular Click here . Following the closing of the Arrangement, Aegis will hold a 20% free-carried interest in the Cobrasco project (carried to completion of a feasibility study), a prospective, potentially high-grade copper-molybdenum porphyry in Colombia, a 1.5% NSR in the Mantau copper-gold project in north eastern Chile and a minority joint venture interest in the Georgetown porphyry copper project in Queensland, Australia. In addition, Aegis will hold the prospective El Zanjon and Venidero projects, potentially high grade epithermal gold silver targets in Santa Cruz Province, Argentina. In addition, at closing of the Arrangement, Aegis will be a reporting issuer in British Columbia and Alberta. Management of Aegis does not intend to apply to list the Aegis Shares on any recognized stock exchange at this time. Management of Aegis will assess all Aegis's options and determine the best course of action for Aegis, including considering an application to list the Aegis Shares on a stock exchange in the future. There can be no assurance as to if, or when, the Aegis Shares will be listed for trading on any stock exchange. Upon the recommendation of its Special Committee, the board of directors of Rugby, after careful consideration, has unanimously determined that the Arrangement is fair, from a financial point of view, to Rugby shareholders and that the Arrangement is in the best interest of Rugby. Accordingly, the Rugby board of directors unanimously recommends that Rugby shareholders vote in favour of the Arrangement Resolution. On June 3, 2025, Rugby received conditional acceptance of the TSX Venture Exchange ('TSXV') for the Arrangement. In addition, on June 11, 2025, Rugby was granted an interim order of the Supreme Court of British Columbia (the 'Court') in connection with the Arrangement. Completion of the Arrangement is conditional upon, among others, receipt of a final order by the Court and final acceptance of the TSXV. The Court hearing in respect of the final order is expected to take place at 10:00 a.m. (Vancouver time) on Tuesday July 22, 2025 (or as soon thereafter as legal counsel can be heard). Yale Simpson, Rugby's Chairman stated ' I recommend that shareholders vote in favour of the Arrangement Resolution. We are confident that following the closing of the Arrangement Pampa Metals' management will immediately commence the rapid evaluation of the Cobrasco project. The advancement of Cobrasco should lead to a natural reassessment of the value of Aegis due to its 20% free-carried interest in Cobrasco .' Additionally, Pampa Metals has announced a non-brokered private placement LIFE Offering for gross proceeds of $6,000,000 through the issuance of 37,500,000 common shares at a price of $0.16. Subject to completion of the Arrangement, Pampa Metals intends to use the net proceeds of the Offering to fund exploration drilling at the Cobrasco copper porphyry discovery in Colombia, preparatory work for the upcoming field season at the Piuquenes copper-gold discovery in Argentina, and working capital and general corporate purposes, as more specifically described in the Amended Offering Document ( refer July 4, 2025 News Release (CSE:PM)). There are risks associated with the Arrangement and there is no guarantee that the Arrangement will be completed as planned. For a complete list of risks associated with the Arrangement see the risk factors sections of the Circular. About Rugby Rugby is an exploration company conducting 'discovery stage' exploration on targets in Argentina, Australia, Chile and Colombia. Rugby has a copper-gold-iron oxide target near Antofagasta and in Argentina, the focus is on high grade gold-silver discoveries near existing mines in prolifically mineralized Santa Cruz Province. Rugby benefits from the experience of its directors and management, a team that has either been directly responsible for world-class mineral discoveries or has been part of the management teams responsible for such discoveries. Prior companies under their management included Exeter Resource Corporation and Extorre Gold Mines Limited, which held significant projects in South America. These companies were taken over by Goldcorp (Newmont) and Yamana, respectively. For additional information you are invited to visit the Rugby Resources Ltd. website at: FORWARD-LOOKING STATEMENTS Certain of the statements made and information contained herein is 'forward-looking information' within the meaning of the Canadian securities laws. This includes statements concerning whether the Arrangement will be consummated, Rugby obtaining required regulatory and shareholder approvals, Rugby's expectations of the benefits of the Arrangement including the Spinout and the expected use of proceeds of the LIFE Offering. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the effect on prices of major mineral commodities such as copper and gold by factors beyond the control Rugby; events which cannot be accurately predicted such as political and economic instability, terrorism, environmental factors and changes in government regulations and taxes; the shortage of personnel with the requisite knowledge and skills to design and execute exploration programs; difficulties in arranging contracts for drilling and other exploration services; Rugby's dependency on equity market financings to fund its exploration programs and maintain its mineral exploration properties in good standing; political risk that a government will change environmental regulations, taxes or mineral royalties in a manner that could have an adverse effect on Rugby's assets or financial condition and impair its ability to advance its mineral exploration projects or raise further funds for exploration; risks associated with title to resource properties due to the difficulties of determining the validity of certain claims as well as the potential for problems arising from the interpretation of laws regarding ownership or exploration of mineral properties in Argentina, Chile and Colombia and in the sometimes ambiguous conveyancing characteristic of many resource properties, currency risks associated with foreign operations, the timing of obtaining permits to conduct exploration activities, the ability to conclude agreements with local communities and other risks and uncertainties; risks related to geopolitical conflicts; and including those described in each of Rugby's management discussion and analysis and those contained in its financial statements for the year ended February 29, 2025 filed with the Canadian Securities Administrators and available at In addition, forward-looking information is based on various assumptions including, without limitation, assumptions associated with exploration results and costs and the availability of materials and skilled labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, Rugby undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise. 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 Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
