PeruvianPrecious Metals Corp. said July 18 that it has upsized itspreviously announcedprivate placement to raise as much as C$2.6 million, from the initial maximumproceeds of C$1.5 million.

The company will now issue up to 52 million units at 5 centseach.

Each unit consists of 1 common share and 0.5 of a commonshare purchase warrant. Each whole warrant will entitle the holder to purchase 1additional share at 7.5 cents per share for a period of 24 months following theclosing of the private placement.

Proceeds from the placement will be used for general workingcapital purposes.