CALGARY, Canada – TheNewswire - April 7, 2025 — Pambili Natural Resources Corporation ("Pambili" or the "Company") (TSX-V: PNN) is pleased to announce that it is raising up to C$500,000 (the “Raise”) through a series of convertible loan notes ("CLNs") issued to qualified investors (“Lenders”). The Raise is subject to the approval of the TSX Venture Exchange (”TSX-V”).

Pambili’s largest shareholder, Kavango Resources Plc, (“Kavango") has committed some C$340,000 to the Raise and will remain a cornerstone investor in the Company.

The proceeds of the Raise will be used for general working capital. This will include debt settlement and the initial evaluation of the London Wall group of mines, over which the Company has secured an option to purchase (news release dated Nov. 19, 2024).

Pambili will continue developing the Golden Valley A1 claim, building on the results of the underground exploration at the East Adit (news release dated Jan. 14, 2025), and the high-grade gold potential discovered at Shaft 14 (news release dated Nov. 25, 2024).

The term of each CLN is up to twelve (12) months from the date of the CLN (“Term”) and repayment is due and payable by either the Lender or Pambili providing written notice of repayment ("Notice") within the Term. Repayment of the Loan (“Redemption”) must be made within thirty (30) days following Notice, which cannot be issued before the Raise has closed or before the TSX-V has approved the proposed transaction.

Subject to TSX-V approvals, Redemption will be made through the issuance of Units priced at C$0.05 per Unit. Each Unit comprises one Pambili share (“Share”) and one-half of one common share purchase warrant (each whole being a “CLN Warrant”). Each CLN Warrant will entitle the holder thereof to acquire one Share (a “CLN Warrant Share”) at a price of C$0.10 per CLN Warrant Share for a period of 12 months following Notice.

Subject to TSX-V approvals, Pambili will pay finder's fees of up to seven percent (7%) of the amounts raised from Lenders (“Fees”). The Fees will be settled through the issuance of Shares (“Finder’s Shares”) and warrants (“Finder’s Warrants”) on the same terms as the Units.

 

All Units issued in connection with Redemption and Fees will be subject to a statutory four-month-and-one-day hold period from the closing date under applicable Canadian securities laws in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

 

Jon Harris, Chief Executive Officer of Pambili Natural Resources, commented:

“Kavango is Pambili’s largest shareholder. Its participation in this raise demonstrates its continued support for our strategic approach to developing the vast modern mining and production potential on offer across Zimbabwe’s underexplored gold belts.

 

The proceeds of the raise will provide Pambili with the working capital required to develop its Golden Valley A1 mining claim as well as to conduct initial due diligence on the London Wall option. We believe the London Wall mine has significant potential to be a company builder and we look forward to being able to announce positive news from that opportunity in the near future.”

About Pambili Natural Resources Corporation: Pambili Natural Resources Corporation is a natural resources exploration and development company (www.pambilinrc.com) currently active in Zimbabwe and in the province of Alberta.

For further information, contact:

Pambili Natural Resources Corporation

Jon Harris (CEO)

T: 403 277 4421

E: jon.harris@pambilinrc.com

 

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.

 

Caution Regarding Forward-Looking Information Forward-looking statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often, but not always, identified by words such as “believes”, “may”, “likely”, “plans”, or similar words. Forward- looking statements included in this news release include statements with respect to work to be done on its Golden Valley mine in Zimbabwe. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Corporation, including, but not limited to the impact of general economic conditions, industry conditions, currency fluctuations, and dependence upon regulatory approvals. The Corporation does not assume any obligation to update the forward-looking statements to reflect changes in assumptions or circumstances other than as required by applicable law.

  

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