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Pacific Empire Minerals Up 11% as it Upsizes Private Placement to C$1.6 Million

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Pacific Empire Minerals (PEMC.V) shares rose 11% on Wednesday after it increased the size of its non-brokered private placement to C$1.6 million from C$1.4 million.

The company now intends to issue up to 36-million units at C$0.045 apiece. Each unit will consist of one common share and one common share purchase warrant, with each warrant entitling the holder to buy a share for C$0.07 for a three-year period from the closing date.

Proceeds will be used for its 2026 drill campaign on its flagship Trident copper-gold-silver porphyry project and its Pinnacle project, and for general working capital needs, it said.

Price: $0.05, Change: $+0.01, Percent Change: +11.11%

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