Pacific Empire Minerals set to raise C$1.22 million via placing for BC exploration
The prospect generator plans to issue 16 million units at C$0.05 each and 6 million flow-through shares at C$0.07 each
Company
OTCMKTS: PEMSF
Pacific Empire is a copper exploration company based in Vancouver, British Columbia and trades on the TSX Venture Exchange under the symbol PEMC. The Company’s strong portfolio of gold-enriched copper projects in British Columbia, is the culmination of perseverance through one of the longest bear markets in the resource industry.
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The prospect generator plans to issue 16 million units at C$0.05 each and 6 million flow-through shares at C$0.07 each
The prospect generator said it has staked over 1,000 hectares of prospective mineral tenure
M3 Metals has the right to earn a 30% interest on the project in return for spending C$4.5 million in exploration
The agreement is to acquire 100% of the 6,300 hectare Jean Marie property, a copper-gold-silver-molybdenum porphyry asset
Four holes were sunk using the group's own drill reverse circulation (RC) rig in November and December last year