New Pacific Metals Corp. announces today that it has granted an aggregate total of 1,064,600 restricted share units of the Company to certain eligible participants under the Company's share based compensation plan . The RSUs have a term of two years and will vest on the basis of 25% on each of the 6, 12, 18 and 24 month anniversary of the grant date. Each RSU entitles the recipient to receive one common share in the [...]
New Pacific Metals Corp. is pleased to announce that the Company’s wholly-owned subsidiary has signed an agreement with an arm’s length private Bolivian corporation to acquire a 98% interest in the Silverstrike silver project from the Vendor by making a one-time cash payment of US$1.35 million. New Pacific will cover 100% of the future expenditures of exploration, mining, development and production activities [...]
New Pacific Metals Corp. is pleased to report that all matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, both dated October 29, 2019, were approved by the requisite majority of votes cast at the annual general meeting of the shareholders held on November 29, 2019 . The details of the voting results for the election of directors are set out below [...]
New Pacific Metals Corp. is pleased to announce assay results from 75 drill holes from its resource definition drilling program at its wholly-owned Silver Sand Project, Department of Potosí, Bolivia. In summary, drilling continues to intersect broad intervals of vein and fracture controlled, near surface, silver mineralization with results from this program ranging from approximately 50 to 200 metres thick and [...]
New Pacific Metals Corp. today announced its unaudited condensed consolidated interim financial results for the three months ended September 30, 2019. This news release should be read in conjunction with the Company's management discussion & analysis, financial statements and notes thereto for the corresponding period, which have been posted under the Company’s profile on SEDAR at www.sedar.com and are also [...]
New Pacific Metals Corp. is pleased to announce the appointment of Dr. Mark Cruise to the position of Chief Operating Officer . Dr. Cruise is the founder and former Chief Executive Officer of Trevali Mining Corporation . Under his leadership, Trevali grew from an initial discovery to a top-ten global zinc producer with operations in Peru, Canada, Burkina Faso and Namibia with a resultant market capitalization in excess of [...]
New Pacific Metals Corp. is pleased to announce that it has closed its previously announced bought deal financing, including the full exercise of the underwriter’s option . A total of 4,312,500 common shares of the Company were sold under the Offering at a price of $4.00 per Common Share for aggregate gross proceeds of $17,250,000. The Offering was underwritten by BMO Capital Markets. The Company will use the net [...]
New Pacific Metals Corp. is pleased to announce that Pan American Silver Corp. has indicated its intent to participate in the Company's bought deal offering , announced on October 2, 2019, to maintain its pro rata interest of 16.79% of the outstanding common shares of the Company . The Company also confirms that Silvercorp Metals Inc. has indicated its intent to participate in the Offering to maintain its pro rata [...]
Company executives will share vision and answer audience questions at VirtualInvestorConferences.com Virtual Investor Conferences today announced the agenda for the upcoming Virtual lnvestor Conference, the leading proprietary investor conference series. Individual investors, institutional investors, advisors and analysts are invited to attend. The program opens at 9:15 AM ET, with the first live webcast at 9:30 AM ET [...]
New Pacific Metals Corp. has announced today that it has entered into an agreement with BMO Capital Markets , as sole underwriter, under which BMO has agreed to buy on bought deal basis 3,750,000 common shares , at a price of C$4.00 per Common Share for gross proceeds of approximately C$15 million . The Company has granted BMO an option, exercisable at the offering price for a period of 30 days following the closing of [...]
New Pacific Metals Corp. wishes to confirm that it is not aware of any material undisclosed information relating to the Company that would account for the trading activity occurring today in its common shares. The Company is aware of a recent publication from GSA-Silver adding New Pacific to its model portfolio. GSA-Silver is independent of the Company and its analysis reflects the author’s opinions. ABOUT NEW [...]
New Pacific Metals Corp. today announced its audited consolidated financial results for the year ended June 30, 2019. This news release should be read in conjunction with the Company's management discussion & analysis, financial statements and notes to financial statements for the corresponding period, which have been posted under the Company’s profile on SEDAR at www.sedar.com and are also available on the [...]
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