Pacific Imperial Mines Announces Closing of Non-Brokered Private Placement
Vancouver, British Columbia / December 31, 2020 – Pacific Imperial Mines Inc. (TSX.V: PPM) (“Pacific Imperial” or the “Company”) announces that, further to its news release of December 11, 2020, and subject to the final approval of the TSX Venture Exchange (the “Exchange”), it has closed its non‑brokered private placement (the “Private Placement”) raising gross proceeds of $245,000 through the issuance of 4,900,000 flow-through units (each a “FT Unit”) at a price of $0.05 per FT Unit. Each FT Unit consists of one flow-through common 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.