Pacific Empire Minerals Corporation (TSX-V:PEMC, OTCQB:PEMSF) plans a non-brokered private placement to issue up to 20 million shares at C$0.01 per share and up to 15 million Flow-Through shares at C$0.015 per share, generating gross proceeds of $200,000 and $225,000, respectively. The funds will support exploration on the Trident copper-gold-silver porphyry project and general working purposes.
Additionally, Pacific Empire Minerals announces the termination of the Option Agreement with Teako Minerals for its Pinnacle project, where Teako had the right to acquire a 70% interest.