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Pan American Announces $2 Million Flow Through Unit Offering

Press Release

November 29, 2023

algary AB – Pan American Energy Corp. (the “Company” or “Pan American“) (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS6) is pleased to announce, further to its news releases dated October 27, 2023 and November 10, 2023, that it intends to complete a non-brokered private placement of flow through units of the Company (“FT Units“) at a price of $0.50 per FT Unit for aggregate gross proceeds of up to $2,000,000 (“FT Offering“). Each FT Unit will consist of one common share of the Company (each, a “Common Share“) and one-half-of-one common share purchase warrant of the Company (each whole warrant, a “Warrant“), with each Warrant entitling the holder thereof to purchase one Common Share (each, a “Warrant Share“) at a price of $0.65 for a period of 24 months.

The FT Offering is in addition to the previously announced $3,000,000 private placement financing of units (“non-FT Units”) at a price of $0.40 per non-FT Unit (“non-FT Offering”). Each non-FT Unit is comprised of one (non-flow through) Common Share and one common share purchase warrant, with each such warrant exercisable for one Common Share at a price of $0.55 for a period of 24 months. The first tranche of the non-FT Offering was completed on November 10, 2023, with the Company raising gross aggregate proceeds of $2,595,000 through the sale of 6,487,500 non-FT Units.

The gross proceeds of the FT Offering will be used by the Company to incur eligible “Canadian exploration expenses” that are intended to qualify as “flow-through critical mineral mining expenditures,” as such terms are defined in the Income Tax Act (Canada) related to the Company’s Big Mack Lithium Project. Subject to compliance with the policies of the Canadian Securities Exchange (“CSE“) and applicable securities legislation, the Company may pay finder’s fees in connection with the FT Offering and non-FT Offering.

The Company anticipates closing of the FT Offering to occur on or about December 15, 2023. The securities issued pursuant to the FT Offering will be subject to a four-month hold period from the closing date.

About Pan American Energy Corp.

Pan American Energy Corp. (CSE: PNRG) (OTC PINK: PAANF) (FSE: SS6) is an exploration stage company engaged principally in the acquisition, exploration and development of mineral properties containing battery metals in North America.

The Company executed an option agreement in Canada with Magabra Resources, providing for the right to acquire up to a 90% interest in the drill-ready Big Mack Lithium Project, 80 km north of Kenora, Ontario. The Company has also entered a property option agreement with Horizon Lithium LLC providing for the right to acquire a 100% interest in the Horizon Lithium Project, located within Esmeralda County – Tonopah Lithium Belt, Nevada, USA. To register for investor updates, please visit

On Behalf of the Board of Directors
Jason Latkowcer
CEO & Director

Phone: (587) 885-5970



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