Mining & Metals
Pacific Empire Minerals Launches C$4.5 Million Private Placement
Pacific Empire Minerals (PEMC.V) said Friday that it is raising C$4.5 million in a private placement to advance its Trident and Pinnacle copper-gold-silver porphyry projects in British Columbia.The company added it will also use the proceeds for general working capital.The offering involves up to 46,153,846 flow-through shares priced at $0.065 apiece for $3 million in proceeds, and up to 25 million shares at $0.06 apiece for $1.5 million in proceeds.The company said it has secured significant lead orders totaling $2.7 million from resource-focused institutional investors and high net worth investors.
$PEMC.V
