Business
Pacific Empire Announces Oversubscription of Private Placement and CFO Appointment
Vancouver, British Columbia--(Newsfile Corp. - September 17, 2025) - Pacific Empire Minerals Corp...
About this update from Pacific Empire Minerals Corp.
[{"type":"text","content":"Pacific Empire Announces Oversubscription of Private Placement and CFO AppointmentVancouver, British Columbia--(Newsfile Corp. - September 17, 2025) - Pacific Empire Minerals Corp. (TSXV: PEMC) (\"Pacific Empire\", \"PEMC\" or the \"Company\"), a copper-gold explorer based in British Columbia, is pleased to announce two corporate developments:Oversubscription of Private PlacementThe Company's previously announced non-brokered private placement (the \"Offering\") dated September 17, 2025, has received strong investor demand and will be oversubscribed. The Offering, originally structured to raise up to C$1,125,000, will now be increased to up to 23,000,000 Hard Dollar Units and 18,000,000 Flow-Through Units for gross proceeds of up to C$1,525,000.The Offering consists of Hard Dollar Units priced at C$0.035 per Unit, with each Unit including one common share and one warrant exercisable at C$0.05 for two years, and Flow-Through Units priced at C$0.04 per Unit, with each including one flow-through common share and one warrant exercisable at C$0.06 for two years.Use of ProceedsFunds raised will be directed toward Pacific Empire's fully permitted 2025 diamond drill program at its flagship Trident copper-gold-silver porphyry project in north-central British Columbia, as well as for general working capital.Closing remains subject to customary approvals, including approval by the TSX Venture Exchange.CFO AppointmentEffective immediately, Leon Ho will replace Doug Reed as Pacific Empire Minerals Corp.'s Chief Financial Officer.The Company would like to thank Mr. Reed for his years of service and wishes him well in his future endeavours.Mr. Ho is a Chartered Professional Accountant with years of experience working with mining exploration companies at Cross Davis & Company LLP, a chartered professional accountant firm providing accounting services to publicly listed entities, primarily in the mining sector.Brad Peters, President & CEO of Pacific Empire, commented: \"The strong demand for our financing and subsequent oversubscription is a clear sign of growing support for our vision at Trident. We believe this drill program represents one of the most important tests in the project's 50-year history, and it's encouraging to see investors share our excitement. \"I would also like to extend my gratitude to Doug Reed for his years of serv...