Pacific Empire Minerals Corp. Announces Closing of Initial Public Offering and Listing on the TSX Venture Exchange
Pacific Empire Minerals Corp. Announces Closing of Initial Public Offering and
Listing on the TSX Venture Exchange
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
March 20, 2018, Vancouver, BC, Canada - Pacific Empire Minerals Corp. (the "Company" or “PEMC”)
is pleased to announce today the closing of an initial public offering (the “Offering” or “IPO” ) of
10,000,000 units of the Company (the “Units”) at a purchase price of $0.20 per Unit for gross proceeds of
$2,000,000. Each Unit is comprised of one common share of the Company (a “Common Share”) and one
Common Share purchase warrant of the Company (a “Warrant”). Each Warrant is exercisable for one
Common Share at a price of $0.30, for a period of three years following the closing of the Offering.
The TSX Venture Exchange (the “TSXV”) has accepted the Company’s listing application as of
March 20, 2018 (the “Listing Date”) and the Company’s Common Shares are expected to resume trading
on the TSXV on or about March 22, 2018 under the trading symbol “PEMC”.
The net proceeds of the Offering (the “Net Proceeds”) will be used to fund exploration work on the
Company’s portfolio of copper-gold projects, most notably the Wildcat Project in central British Columbia
situated 9 km from Centerra Gold’s Mt. Milligan copper -gold mine, and for general working capital
requirements. In addition, PEMC will be taking delivery of a c ustom-built reverse-circulation drill (the
“RC drill”). The RC drill will provide a means to cost -effectively and rapidly advance and add value to
the Company's portfolio of copper-gold projects.
“The successful completion of our IPO represents a pivotal step for the Company ,” commented Brad
Peters, President and CEO of PEMC. “After five years as a private company focused on the acquisition
and exploration of gold-rich copper projects, we are well positioned to rapidly advance our portfolio and
take advantage of British Columbia's position as an important copper jurisdiction.”
Additional information on the Company, the IPO and its projects, can be found in the Company’s
Amended and Restated Prospectus, dated January 10, 2018 as filed on SEDAR at (www.sedar.com), and
on the Company’s website at www.pemcorp.ca.
Haywood Securities Inc. (the “Agent”) acted as an agent in connection with the Offering. For its services
the Agent received corporate finance fee, a cash commission equal to 7% of the gross proceeds of the
Offering in addition to compensation options to purchase up to 700,000 Units at an exercise price of $0.20
exercisable within 36 months from the listing of the Company’s Common Shares.
No securities regulatory authority has either approved or disapproved of the contents of this news release.
This news release is not for distribution, directly or indirectly, in or into the United States (including its
territories and possessions, any state of the United States and the District of Columbia) or any other
jurisdiction outside Canada. This news release does not constitute or form part of any offer or solicitation
to buy or sell any securities in the United States or any other jurisdiction outside of Canada. The securities
offered pursuant to the Offering have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be
offered or sold in the United States or to U.S. Persons absent registration or an available exemption from
the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. There
will be no public offering of securities in the United States.
About Pacific Empire Minerals Corp.
PEMC is an exploration company based in Vancouver, British Columbia, that employs the "prospect
generator" business model and is currently focused on the acquisition, funding and exploration of its
Wildcat Project, which consists of 10 mineral claims covering an area of approximately 5,826 hectares in
the Omineca Mining Division of British Columbia.
ON BEHALF OF THE BOARD
“Brad Peters”
President and Chief Executive Officer
Pacific Empire Minerals Corp.
Tel: +1-604-356-6246
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
This press release contains “forward -looking information” or “forward-looking statements” within the meaning of Canadian securities
laws, which may include, but are not limited to, statements relating to the date of resumption of trading of the Company’s Shares and its
future business plans ; anticipated use of proceeds and delivery of the RC drill. Such forward-looking information reflects the Company’s
views with respect to future events and is subject to risks, uncertainties and assumptions, including those set out in the Company’s amended
and restated final prospectus dated January 10, 2018 and filed under the Company’s profile on SEDAR at www.sedar.com. Forward-looking
statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual eve nts or results
to differ from those expressed or implied by the forward -looking statements. Such factors include, among others, risks related to the
Company’s ability to raise additional capital; actual results and timing of exploration activities; actual results and timing of mining activities;
future prices of silver, gold, lead, zinc and other commodities; accidents, labour disputes and other risks of the mining industry; First Nation
rights and title; continued capitalization and commercial viability; global economic conditions and. Forward-looking statements are based
on certain assumptions that management believes are reasonable at the time they are made. In making the forward -looking statements
included in this news release, the Company has applied several material assumptions, including, but not limited to, the assum ption that the
Company will be able to raise additional capital on reasonable terms; that the proposed exploration program will proceed as planned, and
that market fundamentals will result in sustained silver, gold, lead and zinc demand and prices. There can be no assurance t hat forward-
looking statements will prove to be accurate and actual results and future events could differ materially from those anti cipated in such
statements. The Company does not undertake to update forward -looking statements or forward-looking information, except as required by
law.