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Pacific Empire Minerals arranges $425,000 financing

2023-12-19 12:07 ET - News Release

Mr. Brad Peters reports


Pacific Empire Minerals Corp. intends to issue, pursuant to a non-brokered private placement, up to 20 million common shares of the company at a price of one cent per share for gross proceeds of up to $200,000. In addition, the company intends to issue up to 15 million flow-through shares of the company at a price of 1.5 cents per FT share for gross proceeds of up to $225,000.

The funds will be used for exploration on the company's flagship Trident copper-gold-silver porphyry project and for general working purposes.

The closing of the offering is expected to occur on or around Jan. 10, 2024, and is subject to all necessary approvals, including the approval of the TSX Venture Exchange.

The company has also received notice that Teako Minerals has elected to terminate the option agreement on the company's Pinnacle project, whereby Teako had the right to acquire a 70-per-cent interest in the Pinnacle project.

About Pacific Empire Minerals Corp.

Pacific Empire is a copper exploration company based in Vancouver, B.C. The company has a district-scale land position in north-central British Columbia, totalling 22,541 hectares.

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