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Peruvian Metals Corp. — Capital/Financing Update 2024
Apr 15, 2024
44739_rns_2024-04-15_ac1ca2fb-b874-41da-9725-13ffa692f6dd.pdf
Capital/Financing Update
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FORM 51-102F3
Material Change Report
Item 1. Name and Address of Company
Peruvian Metals Corp. (the “ Issuer ”) 250 Southridge NW, Suite 300 Edmonton, Alberta Canada, T6H 4M9
Item 2. Date of Material Change
April 10, 2024.
Item 3. News Release
A News release announcing the material change was issued by the Issuer on April 10, 2024, and was disseminated through the newswire services of Newsfile Corp. Copies of the news releases were subsequently filed on the SEDAR+ profile of the Issuer.
Item 4. Summary of Material Change
On April 10, 2024, the Issuer issued a total of 2,500,000 common shares in connection with the completion of the acquisition of a 50% interest in San Maurizo Mines Inc. (“ San Maurizo ”), a private Manitoba-based company.
Item 5. Full Description of Material Change
On April 10, 2024, the Issuer completed the acquisition of a 50% interest in San Maurizo (the “ Transaction ”), which holds a 100% an interest in the Mercedes gold-silver-lead-zinc-copper property, situated in central Peru (the “ Property ”), through its rights to the outstanding shares of Basic Minerals S.A.C (“ Basic Minerals ”), a Peruvian corporation. The Property is situated in the Junin Department in central Peru and covers an area of 1,345 hectares.
The Issuer acquired the 50% interest in San Maurizo by purchasing half of the outstanding shares currently from its sole shareholder, Hudson Heartland Ltd. (“ Hudson ”), through the issuance of 2,500,000 common shares of the Issuer to Hudson at a deemed issuance price of C$0.08 per share. As part of the Transaction, the Issuer agreed to lend US$250,000 to San Maurizo. To date, the Issuer has loaned US$80,000 towards the collaborative venture.
Item 6. Reliance on subsection 7.1(2) of National Instrument 51-102
Not applicable.
Item 7. Omitted Information
Not applicable.
Item 8. Executive Officer
Jeffrey Reeder, the Chief Executive Officer of the Issuer, is knowledgeable about the material change and this report. His business telephone number is (647) 302-3290.
- Item 9. Date of Report
April 10, 2024.