Pacific Empire Announces Closing of $300,000 Non-Brokered Private Placement of Units

Core Viewpoint - Pacific Empire Minerals Corp. has successfully closed a non-brokered private placement, raising $300,000 through the issuance of 15,000,000 units at a price of $0.02 per unit, which will be utilized for exploration and working capital [1][4]. Group 1: Offering Details - Each unit consists of one common share and one warrant, with each warrant allowing the purchase of one common share at an exercise price of $0.05 for 24 months [2]. - The company paid finder's fees totaling $9,450 in cash and issued 468,500 finder's warrants to various firms for their assistance in the offering [3]. - The offering is subject to final approval from the TSX Venture Exchange and all securities issued are under a statutory hold period expiring on December 9, 2025 [6]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards general working capital, exploration at the Trident copper-gold project, and marketing activities [4]. Group 3: Related Party Transactions - Certain directors and officers participated in the offering for a total of $23,500, qualifying it as a related party transaction, but the company is exempt from formal valuation and minority shareholder approval requirements [5]. Group 4: Company Overview - Pacific Empire is a copper exploration company based in Vancouver, British Columbia, with a significant land position of 22,541 hectares in a region known for its green copper jurisdiction [8].