23:09:10 EDT Mon 15 Jul 2024
Enter Symbol
or Name

Login ID:
Pacific Empire Minerals Corp
Symbol PEMC
Shares Issued 125,348,195
Close 2024-04-30 C$ 0.055
Market Cap C$ 6,894,151
Recent Sedar Documents

Pacific Empire increases private placement to $722,500

2024-05-01 16:45 ET - News Release

Mr. Brad Peters reports


Pacific Empire Minerals Corp.'s continuing private placement, previously announced by news release dated April 22, 2024, has been increased from $500,000 to $722,500 due to excess demand.

The company now intends to complete a non-brokered private placement offering of up to 14.45 million units at a price of five cents per unit, for total gross proceeds of up to $722,500. Each unit will consist of one common share in the capital of the company and one common share purchase warrant, with each warrant entitling the holder thereof to acquire an additional common share at an exercise price of eight cents per common share for 36 months after the date of issuance.

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

The securities issued at the closing of the offering will be subject to a four-month-plus-one-day hold period from the date of issue, as well as to any other resale restrictions imposed by applicable securities regulatory authorities. Subject to approval by the TSX Venture Exchange and applicable securities legislation, the company may pay finder's fees with respect to certain subscriptions from arm's-length subscribers in accordance with the TSX Venture Exchange policies.

Closing of the offering is expected to occur on or around May 6, 2024, and is subject to all necessary approvals, including the approval of the TSX Venture Exchange.

About Pacific Empire Minerals Corp.

Pacific Empire is a copper exploration company based in Vancouver, B.C., and trades on the TSX Venture Exchange under the symbol PEMC. The company has a district-scale land position in north-central British Columbia totalling 22,541 hectares.

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