OF AMERICA Pacific Empire Minerals Announces Closing of $275,000 Non-Brokered Private Placement of Units
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NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES
NOR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
Pacific Empire Minerals Announces Closing of $275,000 Non-Brokered
Private Placement of Units
May 21, 2020 - Vancouver, BC, Canada - Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB: PEMSF)
(“Pacific Empire”, “PEMC” or the “Company”), a hybrid prospect generator , announces that the Company has
closed the non-brokered private placement that the Company previously announced on May 14, 2020. The Company
has issued 5,500,000 units at a price of $0.05 per unit (the “Units”) for gross proceeds of $275,000 (the “Offering”).
Each Unit will consist of one common share in the capital of the Company ( “Common Share”) and one Common
Share purchase warrant (“Warrant”). Each Warrant will entitle the holder to acquire one Common Share (“Warrant
Share”) at an exercise price of $0.10 per Warrant Share until 5:00 pm (Pacific Time) on the date that is 36 months
from the closing of the Offering.
In connection with the Offering, the Company paid finder’s fees, to Haywood Securities Inc., consisting of $3,000
in cash and issued 60,000 finder’s warrants (each, a “Finder’s Warrant”). Each Finder’s Warrant entitles the holder
to purchase one Common Share at a price of $0.10 per Common Share for a period of 36 months from the issue
date.
All securities are subject to a hold period that will expire on September 22, 2020. Proceeds from the Offering will
be used for general working capital purposes and for exploration on the Worldstock property.
"This financing was closed in short order which confirms to the Company the support from its shareholders . With
the low cost of operations from a corporate and project standpoint the Company is positioned to commence its 2020
work campaign,” stated Brad Peters, Pacific Empire’s President & CEO. “The coming months should bring news
flow as the Company looks to advance projects and prepare for future initiatives."
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. 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.
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.
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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, 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 achievements 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 matters; environmental liability claims and
insurance; reliance on key personnel; the potential for conflicts of interest among certain 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, estimates 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.