OF AMERICA Pacific Empire Minerals Announces $1,220,000 Non-Brokered Private Placement of Units and Flow-Through Shares
NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES
NOR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
Pacific Empire Minerals Announces $1,220,000 Non-Brokered Private Placement of
Units and Flow-Through Shares
July 9, 2020 - Vancouver, BC, Canada - Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB:
PEMSF) (“Pacific Empire”, “PEMC” or the “Company”), a hybrid prospect generator, announces that it
intends to issue, pursuant to a non-brokered private placement, up to:
• 16,000,000 units ("Units") of the Company at a price of $0.05 per Unit; and
• 6,000,000 flow-through shares ("Flow-Through Shares") of the Company at a price of $0.07 per
Flow-Through Share, for aggregate gross proceeds of up to $1,220,000 (the "Offering").
Each Unit will consist of one common share in the capital of the Company ("Common Share") and one
half of one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant").
Each Flow-Through Share will be issued on a "CEE flow -through" basis pursuant to the Income Tax Act
(Canada). Each Warrant will entitle the holder to acquire one Common Share (each , a "Warrant Share")
at an exercise price of $0.10 per Warrant Share until 4:30 pm (Pacific Standard time) on that date that is
24 months from the issuance closing date (the "Expiry Time").
Closing of the Offering is expected to occur on or before July 31, 2020 and is subject to all necessary
approvals, including the approval of the TSX Venture Exchange.
Proceeds of the Offering will be used to fund the Company's planned exploration and drilling programs
on its Worldstock, Weedon and recently acquired Jean Marie Copper-Gold Porphyry projects, in addition
to general working capital. The securities issued pursuant to the Offering will be subject to a four month
hold period under applicable securities laws. In connection with the Offering, certain finders may receive
a cash fee and/or non-transferable finder Warrants.
The 20 20 exploration programs on the Company’s Worldstock, Weedon and Jean Marie projects will
consist of reverse circulation drilling and potentially diamond drilling, with the bulk of the work planned
for the Jean Marie project.
About Pacific Empire Minerals Corp.
PEMC is an exploration company based in Vancouver, British Columbia, that employs a "hybrid prospect
generator" business model and trades on the TSX Venture Exchange under the symbol PEMC and on the
OTCQB Markets under the symbol PEMSF . The Company’s strong portfolio of gold-enriched copper
projects is a result of continuous generative work conducted since the Company’s inception in 2012.
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By integrating the project generator business model with low -cost reverse circulation drilling, the
Company advances its portfolio by rapidly identifying, and focusing on, the highest quality projects for
partnerships and advancement.
ON BEHALF OF THE BOARD,
“Brad Peters”
President and Chief Executive Officer
Pacific Empire Minerals Corp.
Tel: +1-604-356-6246
www.pemcorp.ca
Neither the TSX Venture Exchange nor its Regulation 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.
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-
looking statements are statements that relate to future, not past, events. In this context, forward -looking statements often
address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or
occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without
limitation: closing of the Offering is expected to occur on or before July 31, 2020, proceeds of the Offering will be used to fund
the Company's planned exploration and drilling programs on its Worldstock, Weedon and recently acquired Jean Marie
Copper-Gold Porphyry projects, in addition to general working capital and the 2020 exploration programs on the Company’s
Worldstock, Weedon and Jean Marie projects will consist of reverse circulation drilling and potentially diamond drilling, with
the bulk of the work planned for the Jean Marie project are forward-looking statements. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance
or achievements, or other future events, to be materially different from any future results, performance or achieve ments
expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for
additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matter s;
environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certai n
officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of
our common share price and volume and the additional risks identified the management discussion and analysis section of our
interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable
Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions
on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these
beliefs, est imates and opinions or other circumstances should change, except as required by applicable securities laws.
Investors are cautioned against attributing undue certainty to forward-looking statements.