OF AMERICA Pacific Empire Minerals Closes Oversubscribed Private Placement
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NOR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
Pacific Empire Minerals Closes Oversubscribed Private Placement
May 22, 2019 - Vancouver, BC, Canada - Pacific Empire Minerals Corp. (TSXV: PEMC) (OTCQB:
PEMSF) (“Pacific Empire”, “PEMC” or the “Company”) , a hybrid prospect generator focused in British
Columbia, announces the closing of its non -brokered private placement financing (the “Offering”)
previously announced on April 24, 2019.
The Company raised an aggregate of $8 46,099.99, of which $7 47,099.99 was raised on the issuance of
10,672,857 units (“Units”) and $ 99,000 was raised on the issuance of 1,100,000 flow-through shares
(“Flow-Through Shares”). Each Unit was issued at a price per Unit of $0.0 7 and is comprised of one
common share in the capital of the Company (“Common Share”) and one Common Share purchase warrant
entitling the holder to acquire one Common Share for a period of 36 months at an exercise price of $0.14.
Each Flow-Through Share was issued at a price per share of $0.09. The offering size of the Units was
increased to accommodate demand.
Pursuant to the Offering, Stichting Depositary Plethora Precious Metals Fund (“ Plethora”) subscribed for
2,000,000 Units. Plethora now owns or controls an aggregate of 4,000,000 Common Shares on an undiluted
basis and 7,000,000 Common Shares on a diluted basis, representing approximately 9.35% and 13.09% of
the Company’s issued and outstanding Common Shares on an undiluted and diluted basis, respectively. The
Company paid an aggregate $23,385 in cash commissions, and issued an aggregate 349,500 finders’
warrants (the “Finders’ Warrants”) in connection with the Offering. Each Finders’ Warrant entitles the
holder to acquire one additional co mmon share at an exercise price of $0.14 for a period of 36 months
following the date of issuance.
The Common Shares, and any Common Shares issued on the exercise of the warrants or Finders’ Warrants,
are subject to a restricted resale period under Canadian securities law until September 22, 2019.
Proceeds of the Offering will be used to fund the Company's planned exploration and drilling programs on
its Babine Copper-Gold Porphyry projects and for general working capital. The 2019 exploration programs
on the Company’s Babine Copper -Gold Porphyry projects will consist of preliminary geochemical and
seismic surveys followed by reverse circulation drilling. The initial geochemical and seismic surveys will
help to better constrain existing drill targets as well as to outline additional drill targets in certain prospective
areas identified by PEMC. The proposed work programs are expected to consist of approximately 100 field
days, with the Compan y planning to complete 50 reverse circulation drill holes testing numerous drill
targets in up to a dozen high priority target areas.
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.
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By integrating the project generator business model with low-cost reverse circulation drilling, the company
intends to leverage its portfolio by 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. The forward -looking information in this news release includes, but is not limited to: the
Proceeds of the Offering will be used to fund the Company’s planned exploration and drilling programs on
its Babine Copper-Gold Porphyry projects and for general working capital; the 2019 exploration programs
on the Company’s Babine Copper -Gold Porphyry projects will consist of preliminary geochemical and
seismic surveys followed by reverse circulation drilling; and the proposed work programs are expected to
consist of approximately 100 field days, with the Company planning to complete 50 reverse circulation drill
holes testing numerous drill targets in up to a dozen high priority target areas. 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, dire ctors 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 statemen ts 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 attr ibuting undue
certainty to forward-looking statements.