Pacific Empire Announces Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
April 17, 2018, Vancouver, BC, Canada – Pacific Empire Minerals Corp. (TSXV: PEMC) (“PEMC” or the “Company”), a hybrid prospect generator focused in British Columbia, announces a non-brokered private placement (the “Private Placement”) of up to 1,000,000 units of the Company (the “Units”) at a price of $0.20 per Unit with each Unit comprised of one common share and one transferable common share purchase warrant (the “Warrant”). Each Warrant will entitle the holder to purchase one common share of the Company (a “Warrant Share”) at an exercise price of $0.30 per share for a period of 36 months from the closing date.
The Shares and Warrant Shares will be subject to a resale period under Canadian securities law.
Proceeds from the financing will be used to fund exploration of the Company’s portfolio of exploration projects and general working capital. The Company may pay finder’s fees consisting of a cash commission equal to 6% of the aggregate gross proceeds raised and finder’s warrants equal to 6% of the total number of Units sold. Each finder’s warrant will entitle the holder to purchase one common share in the capital of the Company at an exercise price of $0.30 per share for a period of 36 months from the closing of the Private Placement. The Private Placement is subject to TSX Venture Exchange approval.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States, or in any jurisdiction in which such an offer or sale would be unlawful. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933”) or any United States state securities laws, and may not be offered or sold in the United States or to the account or benefit of a “U.S. person” (as defined in Regulation S under the 1933 Act) or a person in the United States absent registration or an applicable exemption from the registration requirements.
Additional information on the Company and its projects can be found on SEDAR at (www.sedar.com), and on the Company’s website at www.pemcorp.ca. You may also email firstname.lastname@example.org or call Investor Relations at (604) 356-6246.
About Pacific Empire Minerals Corp.
PEMC is an exploration company based in Vancouver, British Columbia, that employs a “hybrid prospect generator” business model and trades on the TSX Venture Exchange under the symbol PEMC. The Company’s strong portfolio of projects is a result of continuous generative work conducted since the Company’s inception in 2012.
By integrating the project generator business model with low-cost RC drilling, the company intends to leverage its portfolio by identifying, and focusing on, the highest quality projects for partnerships and advancement.
ON BEHALF OF THE BOARD
President and Chief Executive Officer
Pacific Empire Minerals Corp.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.