Pampa Camarones Board Extends Preferential Option Period and Adjusts Capital Increase Price to US$40

Pampa Camarones signs 15-year lease agreement with Haldeman Mining Company
4 September, 2024

Santiago, September 13, 2024.-

In an extraordinary Board meeting held on September 13, 2024, at 11:45 AM, Pampa Camarones decided to extend the preferential option period and modify the subscription price for the capital increase to US$40 for each of the 164,275 shares.

This decision aims to maximize fundraising based on the feedback received from the market to date.

Given that the current market price is US$52 per share, the placement price of US$40 per share represents a 23% discount to encourage subscription, as the company seeks to generate value through the opening of the Chacota Mine and the development of an exploration plan in the Pampa Camarones District.

Additionally, the Board has extended the preferential subscription period until September 27, 2024, with the shares to be subscribed no later than October 4, and payment must be made in full at the time of subscription.

Investors who have subscribed to their preferential options at a price of US$45.8 during the recent period will be contacted by the management.

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