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Pacific Empire Minerals Announces First Tranche Closing of Non-Brokered Private Placement and Engagement of Equity Exploration Consultants
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2026) - Pacific Empire Minerals Corp. (TSXV: PEMC) ("Pacific Empire", "PEMC" or the "Company") is pleased
About this update from Pacific Empire Minerals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 13, 2026) - Pacific Empire Minerals Corp. (TSXV: PEMC) (\"Pacific Empire\", \"PEMC\" or the \"Company\") is pleased to announce that it has closed the first tranche (the \"First Tranche\") of its previously announced non-brokered private placement financing for aggregate gross proceeds of up to $4,500,000 (the \"Offering\"). Pursuant to the First Tranche, the Company raised an aggregate of $3,438,999.95 in gross proceeds and issued: 48,809,230 flow-through common shares (the \"FT Shares\") at a price of $0.065 per FT Share for gross proceeds of $3,172,599.95; and 4,440,000 non-flow-through common shares (the \"Common Shares\") at a price of $0.06 per Common Share for gross proceeds of $266,400.00. All securities issued pursuant to the First Tranche are subject to a statutory hold period expiring four months and one day from the date of issuance, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. In connection with the First Tranche, the Company paid aggregate finders' fees totaling C$61,825.00 in cash and issued an aggregate of 2,000,000 Common Shares and 3,015,384 finder warrants to certain eligible finders including Castlewood Capital Corporation, Canaccord Genuity Corp., Ventum Financial Corp. and PB Markets Inc. Each finder warrant entitles the holder to acquire one common share of the Company at a price of C$0.06 per share for a period of two years from the closing date. The proceeds from the Offering will be used to advance the Company's flagship Trident and Pinnacle copper-gold porphyry projects located in north-central British Columbia, including diamond drilling, induced polarization (\"IP\") geophysics, geological modelling, geochemistry, and general working capital purposes. The Company is also pleased to announce that it has formally engaged Equity Exploration Consultants Ltd. (\"Equity\") to provide technical leadership and project management services for the 2026 exploration season. Equity is a highly regarded geological and exploration consulting group based in British Columbia with extensive experience advancing porphyry copper-gold systems throughout western Canada. Pacific Empire's President and CEO, Brad Peters commented: \"Closing this first tranche represents an important milestone for Pacific Empire as we posit...