Mr. Chris McLeod of Pacific Imperial reports
PACIFIC IMPERIAL ANNOUNCES CANCELLATION OF THE BROWNELL OPTION AGREEMENT
Due to a lack of financing resulting from the recent cancellation of its private placement, Pacific Imperial Mines Inc. has reached a mutual agreement with Eagle Plains Resources Ltd. to terminate the option agreement on the Brownell Lake volcanogenic massive sulphide project, effective immediately.
The company's board of directors is actively reviewing its strategic options and will be re-evaluating how to move forward.
About Pacific Imperial Mines Inc.
Pacific Imperial is a mineral exploration company based in Vancouver, Canada, engaged in the acquisition, exploration, evaluation and development of mineral properties in an acceptable risk environment. The company's current focus is on the Babine and Fenton properties in British Columbia.
We seek Safe Harbor.
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