Business
Pacific Empire Minerals Announces $260,000 Non-Brokered Private Placement of Units
Vancouver, British Columbia--(Newsfile Corp. - May 14, 2020) - Pacific Empire Minerals Corp. (...
About this update from Pacific Empire Minerals Corp.
[{"type":"text","content":"Pacific Empire Minerals Announces $260,000 Non-Brokered Private Placement of UnitsVancouver, British Columbia--(Newsfile Corp. - May 14, 2020) - Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB: PEMSF) (\"Pacific Empire\", \"PEMC\" or the \"Company\"), a hybrid prospect generator, announces that the Company intends to issue, pursuant to a non-brokered private placement, 5,200,000 units at a price of $0.05 per unit (the \"Units\") for gross proceeds of $260,000 (the \"Offering\"). Closing of the Offering is expected to occur on or before May 31, 2020 and is subject to all necessary approvals, including the approval of the TSX Venture Exchange.Each Unit will consist of one common share in the capital of the Company (\"Common Share\") and one Common Share purchase warrant (\"Warrant\"). Each Warrant will entitle the holder to acquire one Common Share (\"Warrant Share\") at an exercise price of $0.10 per Warrant Share until 5:00 pm (Pacific Time) on the date that is 36 months from the closing of the Offering.Proceeds from the Offering will be used for general working capital purposes and for exploration on the Worldstock property.About Pacific Empire Minerals Corp.PEMC is an exploration company based in Vancouver, British Columbia, that employs a \"hybrid prospect generator\" business model and trades on the TSX Venture Exchange under the symbol PEMC. The Company's strong portfolio of gold-enriched copper projects is a result of continuous generative work conducted since the Company's inception in 2012.By integrating the project generator business model with low-cost reverse circulation drilling, the Company advances its portfolio by rapidly identifying, and focusing on, the highest quality projects for partnerships and advancement.ON BEHALF OF THE BOARD,\"Brad Peters\"President and Chief Executive OfficerPacific Empire Minerals Corp.Tel: [email protected] the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsInformation set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-...