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Additional Information
Market: TSX
Sector: General Mining - Platinum Group Metals
EPIC: PFN
Latest Price: C$0.11  (2.38% Ascending)
52-week High: C$0.37
52-week Low: C$0.09
Market Cap: C$10.11M
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Pacific North West Capital Corp
www.pfncapital.com

Pacific North West Capital Corp. (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J.F) is a mineral exploration company focused on Platinum Group Metals (PGM), precious and base metals. Management's corporate philosophy is to be a Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major and junior mining companies through to production. To that end, the Company's current option/joint ventures agreements are with Anglo Platinum, First Nickel and Alto Ventures. In addition, Pacific North West Capital Corp. is also the majority shareholder of Fire River Gold Corp (FAU:TSX.V) who is currently developing the Nixon Fork Gold Mine in Alaska.

Pacific North West Capital Corp. is well funded with an experienced management team and the ability to take advantage of the tremendous opportunities that are available in the mining sector today. Our focus will be to acquire advanced stage precious metals projects, continue to expand our PGM and base metals division and to look for special situations and under-funded projects in the resource sector.

Full Pacific North West Capital Corp profile here
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Pacific North West Capital to sell Nixon Fork Gold Mine to Fire River Gold

29th Jun 2009, 2:38 pm
Pacific North West Capital (TSX: PFN; OTCBB: PAWEF) reaffirmed its intention to remain focused on platinum group metals (PGM’s) and nickel today, announcing that it had granted an option to Fire River Gold (CNSX: FAU) to acquire its Nixon Fork Gold Mine in Alaska.

Fire River Gold will pay Pacific North West Capital US$50,000 on signing the option agreement and will pay a further US$450,000 over six months and issue 6.415 million shares to Pacific North West Capital if it chooses to exercise the option to acquire the project in full.  The transaction places a US$3 million price tag on the Nixon Fork property, and post transaction, Pacific North West will hold approximately 64% of Fire River Gold. Pacific North West will also be issued 1 million share purchase warrants with an exercise price of 50 cents per share, and Fire River Gold will refund C$1.25 million in expenses incurred by Pacific North West at Nixon Fork.

“PFN's management has examined several possible scenarios for advancing the Nixon Fork Gold Project, and has had discussions with numerous groups interested in funding the project,” the company stated. “The general consensus of these discussions is that Nixon Fork should be funded through a company that is completely focussed on gold.”

Pacific North West went on to say that it believed the shareholder structure of Fire River Gold was better suited to raise the necessary capital to re-develop the mine.

“Management's expertise remains rooted in exploration, and to that end, PFN is currently negotiating on several advanced stage projects in Canada, and subject to the completion of one or more of these acquisitions, plans to expend a minimum of $1 million in Canada before year end,” it noted.

Pacific North West Capital’s current option/joint ventures agreements are with Anglo Platinum, First Nickel, Kinbauri Gold and Fire River Gold.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.