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Pacific Imperial Mines Announces Non-Brokered Private Placement
(TheNewswire) Vancouver, British Columbia – TheNewswire - Marc...
About this update from Pacific Imperial Mines Inc.
[{"type":"text","content":"Pacific Imperial Mines Announces Non-Brokered Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire -\n \n \n March 31, 2021 – Pacific Imperial Mines\nInc. (TSXV:PPM) (“Pacific Imperial” or the\n“Company”)\n \n \n announces\n \n \n that, subject to the approval of the TSX Venture Exchange\n(the “\n \n \n Exchange\n \n \n ”), it proposes to complete a\n \n \n non‑brokered private placement (the “\n \n \n Private Placement\n \n \n ”)\nof up to 4,000,000 flow-through units (each a “\n \n \n FT Unit\n \n \n ”) at $0.05\nper FT Unit for gross proceeds of up to $200,000.  Each FT Unit\nconsists of one flow-through common share and one transferable common\nshare purchase warrant (a “\n \n \n Warrant\n \n \n ”) with each Warrant exercisable to\npurchase one additional common share (a “\n \n \n Share\n \n \n ”) in the\ncapital of the Company at a price of $0.10 per Share for a period of\ntwo years.\n \n \n \n \n All securities issued pursuant to the Private Placement\nwill be subject to a mandatory four month hold period and the Exchange\nHold period.\n \n \n Finder’s fees of 8% cash and 8%\nfinder’s warrants may be payable to qualified parties.\n \n \n \n \n \n \n The Company intends to\nuse the gross proceeds of the Private Placement for payments related\nto the work programs on the TREK 31 Project, which includes Induced\nPolarization (IP) geophysical survey across the source area of the\ntill anomaly to target areas of anomalous chargeability and\nresistivity for identification of drill targets. Drill targets will\nlikely be identified that could be drilled from existing logging\nroads.\n \n \n \n \n Technical details on the TREK 31 Project have been\npreviously released\n \n \n by Orogen Royalties Inc. and\ncan be found at:\n \n \n \n \n https://www.orogenroyalties.com/news/orogen-options-the-trek-31-gold-project-to-pacific-imperial-mines\n \n \n \n \n \n \n About Pacific Imperial Mines\n \n \n \n \n Pacific Imperial\n \n \n is a mineral\nexploration company based in Vancouver, Canada, engaged in the\nacquisition, exploration, evaluation and development of mineral\nproperties in an acceptable risk environment.\n \n \n \n \n The Company&...