American Pacific Mining to Acquire Constantine Metal Resources
projects located in key mining districts of Nevada. The Company’s mission is to grow by the drill bit and by acquisition. Constantine is a mineral exploration company led by an experienced and proven technical team with a focus on the Palmer copper-zinc-silver-gold-barite project (the “Palmer Project”) being advanced as a joint venture between Constantine and Dowa Metals & Mining Co., Ltd. (“Dowa”), with Constantine as operator. The Palmer Project is a high-grade volcanogenic massive sulphide-sulphate (“VMS”) project located in a very accessible part of coastal Southeast Alaska, with road access to the project and within 60 kilometers of the year-round deep-sea port of Haines. The combined company will be well financed with a pro-forma cash balance exceeding $10 million allowing APM to aggressively progress projects while leveraging spending commitments of partners. Improved capital markets profile with increased market capitalization exceeding $85 million and better positioned to attract additional institutional and high net- worth investors.
American Pacific Mining Corp. and Constantine Metal Resources Ltd. have announced that they have entered into a definitive agreement (the “Definitive Agreement”) pursuant to which APM will acquire all of the issued and outstanding common shares of Constantine (the “Transaction”) in an all-share transaction, providing Constantine shareholders with an immediate upfront premium of 48.6 percent based on each company’s respective 20-day volume weighted average price (“VWAP”). The combined company will be a premier exploration and development company in the western USA with two projects being aggressively advanced under strategic partnerships with well-respected major metal producers and an expanded portfolio of prospective precious and base metals assets. American Pacific Mining Corp. is a gold explorer focused on precious metal opportunities in the Western United States. The Madison Mine in Montana, under option to joint venture with Kennecott Exploration Company, is the Company’s flagship asset. The Gooseberry Gold-Silver Project and the Tuscarora Gold Project are two high-grade, precious metals
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MinerJournal.indd 1 September 2022 I The Alaska Miner I www.alaskaminers.org
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