Pacific Imperial Mines Announces Amendment to Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES
Pacific Imperial Mines Announces Amendment to Non-Brokered Private Placement
Vancouver, British Columbia / November 20, 2020 – Pacific Imperial Mines Inc. (TSX.V: PPM)
(“Pacific Imperial” or the “Company”) announces that, further to its news release of October 21, 2020
and subject to the approval of the TSX Venture Exchange (the “ Exchange”), it has amended its
non-brokered private placement (the “ Private Placement”) to issue up to 1,500,000 flow-through units
(each a “FT Unit”) at a price of $0.05 per FT Unit to raise aggregate gross proceeds of $75,000 in place
of issuing only flow-through common shares (the “ FT Shares”). Each FT Unit will consist of one FT
Share and one transferable common share purchase warrant (a “Warrant”) with each Warrant exercisable
to purchase one additional common share (a “ Share”) in the capital of the Company at a price of $0.10
per Share for a period of two years.
All securities issued in the Private Placement will be subject to a hold period of four months and one day
following the closing date of the Private Placement.
Finder’s fees may be payable to qualified parties in accordance with the policies of the Exchange.
The Company intends to use the gross proceeds of the Private Placement for payments related to the work
programs on the TREK 31 Project, which includes Indu ced Polarization (IP) geophysical survey across
the source area of the till anomaly to target ar eas of anomalous chargeability and resistivity for
identification of drill targets. Drill targets will likel y be identified that could be drilled from existing
logging roads.
Technical details on the TREK 31 Project have been previously release by Orogen Royalties Inc. and can
be found at:
https://www.orogenroyalties.com/news/orogen-options-the-trek-31-gold-project-to-pacific-imperial-
mines
About Pacific Imperial Mines
Pacific Imperial is a mineral exploration company based in Vancouver, Canada , engaged in the
acquisition, exploration, evalua tion and development of mineral properties in an acceptable risk
environment.
The Company’s current focus is on the acquisition of gold and base metal properties. The Company’s,
board of directors, management team and technical advisors have collective geological and financing
experience exceeding 200 years.
ON BEHALF OF THE BOARD OF DIRECTORS
“Chris McLeod”
Chris McLeod, President
For further information please contact:
Roman Shklanka, Chairman, at 604-649-6195, or Chris McLeod, President, at 604-669-6332
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Servi ces 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 Information
This news release includes certain statements that may be deemed "forward looking statements". All
statements in this news release, other than statemen ts of historical facts, that address events or
developments that Pacific Imperial Mines Inc. (the “ Company”) expects to occur, are forward looking
statements. Forward looking statements are statements that are not historical facts and are generally, but
not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or th at events or conditions "will", "would", "may",
"could" or "should" occur.
Although the Company believes the expectations expressed in such forward looking statements are based
on reasonable assumptions, such statements are not gua rantees of future performance and actual results
may differ materially from those in the forward l ooking statements. Factors that could cause the actual
results to differ materially from those in forward l ooking statements include market prices, exploitation
and exploration successes, and continued availability of capital and financin g, and general economic,
market or business conditions. Investors are cautione d that any such statements are not guarantees of
future performance and actual results or developments may differ materially from those projected in the
forward looking statements. Forward looking statemen ts are based on the beliefs, estimates and opinions
of the Company’s management on the date the statements are made. Except as required by securities laws,
the Company undertakes no obligation to update these forward looking statements in the event that
management's beliefs, estimates or opinions, or other factors, should change.
A number of mineral resources or significant occurrences disclosed herein relate to nearby properties
owned by other companies, and the data presente d have been extracted from these companies’ press
releases and websites. A Qualified Person has been unable to verify this information from the adjacent
properties, and such results are not necessarily indicative of potential quantities or grades of
mineralization on the Company’s properties.