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Pacific Empire Arranges $300,000 Non-Brokered Private Placement
Newsfileยท2025-07-21 23:34

Core Viewpoint - Pacific Empire Minerals Corp. is initiating a non-brokered private placement to raise up to C$300,000 for its operations and exploration activities [1][3]. Group 1: Offering Details - The Offering will consist of up to 15,000,000 units priced at C$0.02 per Unit, each comprising one common share and one warrant [2]. - Each warrant allows the holder to purchase an additional common share at C$0.05 for 24 months post-closing [2]. - Proceeds will be allocated for general working capital, exploration at the Trident copper-gold project, and marketing activities [3]. Group 2: Related Party Transactions - The Offering may involve directors or officers of the Company, qualifying it as a related party transaction under Multilateral Instrument 61-101 [4]. - It will be exempt from formal valuation and minority shareholder approval as the securities distributed will not exceed 25% of the Company's market capitalization [4]. Group 3: Regulatory and Compliance - The Offering requires approval from the TSX Venture Exchange, with securities subject to a four-month hold period [5]. - A commission of 7% of gross proceeds will be paid to Haywood Securities Inc. for their role in the Offering, along with Broker Warrants equivalent to 7% of the Units placed [6]. Group 4: Company Overview - Pacific Empire Minerals Corp. is a copper exploration company based in Vancouver, holding a land position of 22,694 hectares in British Columbia [9]. - The Company focuses on its flagship Trident and Pinnacle gold-enriched copper porphyry projects [9]. - British Columbia is recognized as a Tier 1 mining jurisdiction with significant potential for "Green Copper" due to its hydroelectric power and established infrastructure [10].