Mr. Brad Peters reports
PACIFIC EMPIRE ANNOUNCES $1 MILLION FLOW-THROUGH PRIVATE PLACEMENT FINANCING
Pacific Empire Minerals Corp. intends to issue, pursuant to a non-brokered private placement, approximately 22,222,222 flow-through shares of the company at a price of 4.5 cents per FT share for gross proceeds of up to $1-million.
The gross proceeds from the offering will be used for exploration at the company's Trident and Pinnacle projects.
Each FT share will qualify as a flow-through share as defined in Subsection 66(15) of the Income Tax Act (Canada). The proceeds of the FT shares will be used to incur eligible Canadian exploration expenses as defined in the act. The company plans to incur qualifying expenditures on or before Dec. 31, 2027 (or such other period as may be permissible under applicable tax legislation), and to renounce all qualifying expenditures in favour of the subscribers of the FT shares effective Dec. 31, 2026.
Closing of the offering is subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the offering will be subject to a statutory hold period of four months and one day from the closing date of the offering in accordance with applicable Canadian securities laws. The company will pay finders' fees, 8-per-cent broker warrants and 8-per-cent stock in place of cash, subject to TSX Venture Exchange acceptance.
About Pacific Empire Minerals Corp.
Pacific Empire is a copper exploration company based in Vancouver, B.C., and trades on the TSX Venture Exchange under the symbol PEMC. The company has a district-scale land position in north-central British Columbia totalling 22,541 hectares.
British Columbia is a "green" copper jurisdiction with abundant hydroelectric power, access and infrastructure in close proximity to the end market.
We seek Safe Harbor.
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