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Pacific Empire Minerals Corp. Announces Filing of Amended and Restated Prospectus
January 26, 2018, Vancouver, BC, Canada - Pacific Empire Minerals Corp. (“PEMC” or the “Company”) advises that it has filed, and obtained a receipt for, an amen
About this update from Pacific Empire Minerals Corp.
[{"type":"text","content":"January 26, 2018, Vancouver, BC, Canada - Pacific Empire Minerals Corp. (“PEMC” or the “Company”) advises that it has filed, and obtained a receipt for, an amended and restated long form prospectus (the “Amended and Restated Prospectus”), which amends its final long form prospectus dated October 23, 2017 related to the previously announced offering (the “Offering”) of units of the Company (the “Units”) for minimum gross proceeds of CDN $1,500,000 and maximum gross proceeds of CDN $2,000,000. Pursuant to the Offering, PEMC will issue units at a price of CDN $0.20 per Unit. Each Unit is comprised of one common share of the Company (a “Common Share”) and one Common Share purchase warrant of the Company (a “Warrant”). Each Warrant is exercisable for one Common Share at a price of CDN$0.30, for a period of three years following the closing of the Offering. The Company is also pleased to announce that it has obtained TSX Venture Exchange (the “TSXV”) conditional approval for the listing of its common shares under the symbol PEMC.V. Listing is subject to the Company fulfilling all of the customary requirements of the TSXV. The Company does not intend to apply for listing of the warrants underlying the Units on any securities exchange or for inclusion in any automated quotation system. In connection with the Offering, the Company has entered into an amended and restated agency agreement with Haywood Securities Inc., acting as lead agent, pursuant to which the agent will offer the Units on a “best efforts” basis. The Amended and Restated Prospectus has been filed in each of the provinces of British Columbia, Alberta and Ontario pursuant to National Instrument 41-101 General Prospectus Requirements. The net proceeds of the Offering (the “Net Proceeds”) will be used to fund exploration work on the Company’s Wildcat property in addition to exploration work on the Company’s other projects, as well as for working capital and other general corporate purposes. Please see “Use of Proceeds” in the Amended and Restated Prospectus, which is available under the Company’s profile on SEDAR (www.sedar.com ), for further details of the use of Net Proceeds. There can be no assurance that the Offering will be completed. An investment in Units is subject to a number of risks. For more information, potential investors should read the Amended and R...