Pacific Empire Minerals Corporation (TSX-V:PEMC, OTCQB:PEMSF) said it has closed the second tranche of the previously announced non-brokered private placement, issuing 11,000,000 common shares at $0.01 each and 4,000,000 flow-through shares (FT shares) at $0.015 each for aggregate gross proceeds of approximately $170,000.
The company said the proceeds of the FT shares portion will be used for the exploration of its Trident project, and the proceeds of the shares portion will be used for general corporate purposes and exploration of the company's properties.