Pacific Empire Minerals Corp. Announces Fully Subscribed Private Placement Financing
Pacific Empire Minerals Corp., a British Columbia copper-gold explorer, has announced a successful private placement financing round, raising $500,000 through the issuance of 10,000,000 units at a price of $0.05 per unit. The funds from this offering will be used for exploration on the company’s flagship Trident copper-gold-silver porphyry project and for general working purposes.
The closing of the offering is expected to take place around April 30, 2024, pending approval from the TSX Venture Exchange. Pacific Empire is a copper exploration company based in Vancouver, British Columbia, with a significant land position in north-central British Columbia totaling 22,541 hectares.
The company’s President and Chief Executive Officer, Brad Peters, expressed optimism about the future prospects of Pacific Empire. He highlighted British Columbia as a “Green” copper jurisdiction with ample hydroelectric power, access, and infrastructure in close proximity to the end market.
Investors are cautioned that forward-looking statements may involve risks and uncertainties, and the company will update stakeholders if circumstances change. This private placement marks a significant milestone for Pacific Empire as it continues its exploration efforts in the region.
For more information on this press release, please visit the source version at https://www.newsfilecorp.com/release/206328.