Pacific Bay Closes Final Tranche of Financing
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Pacific Bay Closes Final Tranche of Financing
For Immediate Release . Vancouver, British Columbia, February 5, 2021 . David H.
Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX Venture: PBM, “Pacific Bay” or
the “Company”) reports that the Company has closed a $ 35,750 final tranche of a
previously announce financing through issuance of 286,000 units at a price of at a price
of $0.125 per unit (the “Units”). The Units consist of one common share and one warrant
to purchase one additional common share at a price of $0.175 for one year. The Units
issued under this final tranche will be subject to a four month hold period expiring June
6th, 2021. The Company plans to use the proceeds of the financing to explore its 100%
owned Br itish Columbia gold and polymetallic properties and for working capital
purposes. No finder’s fees were paid with respect to the closing.
Pacific Bay Minerals Ltd.
Per/
David H. Brett, MBA
President & CEO
Contact: David Brett, 604-682-2421, [email protected]
This news releas e contains “forward ‐looking statements” within the meaning of Canadian securities
legislation. Forward ‐looking statements include, but are not limited to, statem ents with respect to the
expected use of pro ceeds of the Financing. Such statements and information are based on n umerous
assumptions regarding present and future business strategies an d the environment in which Pacific Bay will
operate in the future . Certain important factors that could cause actu al results, performances or
achievements to differ materially from thos e in the forward ‐looking statements include, amongst others, the
global economic climate, dilution, share price volatility and competition. Although Pacific Bay has attempted
to identify important factors that could cause actual results to differ materially from those con tained in
forward‐looking statements, there may be other factors that cause results not to be as anticipated, estimated
or intended. There can be no assurance that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such statements. A ccordingly, readers
should not place undue reliance on forward ‐looking statements. Pacific Bay does not undertake to update
any forward‐looking statements, except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regul ation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Pacific Bay Minerals Ltd.
120 – 601 W. Cordova Street
Vancouver, BC, V6B 1G1
Phone: 604-682-2421