Pima Zinc Corp. announced a non-brokered private placement for minimum of 14,000,000 units at issue price of CAD 0.50 per share for gross proceeds of minimum CAD 7,000,000 and 14,000,000 subscription receipts at issue price of CAD 0.50 per receipt for gross proceeds of minimum CAD 7,000,000; for combination of units and subscription receipts for an aggregate gross proceeds of minimum CAD 7,000,000 on August 15, 2022. Each unit consists of one common share and one common share purchase warrant.

The transaction is expected to close on September 30, 2022.