David H. Brett, President and CEO, Pacific Bay Minerals Ltd. reports that the Company has received TSX Venture Exchange approval to extend the closing of the remaining $171,500 of a $537,500 non-brokered flow-through and non flow-through private placement announced on November 4, 2020 to January 21, 2021. A $366,000 first tranche of the Financing was closed on December 8, 2020. As yet unclosed are 113,200 flow-through [...]
David H. Brett, President and CEO, Pacific Bay Minerals Ltd. "Pacific Bay" or the "Company") reports that the Company has closed a $366,440 gross proceeds first tranche a $537,500 non-brokered private placement announced November 4, 2020. The Company issued 1,886,800 Flow Through Units at a price of $0.175 for proceeds of $330,190 and 290,000 Non Flow Through units at a price of $0.125 per unit for proceeds of $36,250 [...]
David H. Brett, President and CEO, Pacific Bay Minerals Ltd. reports that shareholder's passed all resolutions put before the Company's Annual & Special General Meeting held November 27th, 2020, in Vancouver, including the election of new director Antonio Vespa, the Company's current VP of Operations. 39.83% of the outstanding shares were voted at the meeting by proxy and in person. Management's slate of five directors [...]
David H. Brett, President and CEO, Pacific Bay Minerals Ltd. reports that the Company has repriced, subject to the acceptance of the TSX Venture Exchange, it's non-brokered private placement announced September 24, 2020 with planned gross proceeds of $625,000. The announced 1,500,000 non flow-through units at $0.15 per unit will now be priced at $0.125 per unit, consisting of one common share and one warrant to purchase [...]
David H. Brett, President and CEO, Pacific Bay Minerals Ltd. reports that the Company has made a number of additions to its management team, arranged a non-brokered private placement for gross proceeds of $625,000, and granted incentive stock options to purchase 1,400,000 shares of the Company at $0.15 per share for three years. The financing and stock options are subject to the acceptance of the TSX Venture Exchange [...]
David H. Brett, President and CEO, Pacific Bay Minerals Ltd. , reports that the Company has now filed its Annual Audited Financial Statements for the year ended December 31, 2019 and its Interim Financial Statements for the Period ended March 31, 2020. Accordingly, the British Columbia Securities Commission published a Revocation Order on July 31, 2020, lifting the Cease Trade Order over the Company. In relation to the [...]
David H. Brett, President and CEO, Pacific Bay Minerals Ltd. hereby provides an update on the status of the filing of its annual audited financial statements, including the accompanying management's discussion and analysis, and related CEO and CFO certifications for its financial year ended December 31, 2019 . Due to complications arising from the Covid19 pandemic, the Company was unable to file its Annual Financial [...]
David H. Brett, President and CEO, Pacific Bay Minerals Ltd. provides an update on the status of the filing of its interim financial statements, including the accompanying management's discussion and analysis, and related CEO and CFO certifications for its interim period ended March 31, 2020. Earlier this year, the Canadian Securities Administrators issued a notice stating that securities regulators will be providing [...]
David H. Brett, President and CEO, Pacific Bay Minerals Ltd. provides hereby an update on the status of the filing of its annual financial statements, including the accompanying management's discussion and analysis, and related CEO and CFO certifications for its financial year ended December 31, 2019. On March 18, 2020, the Canadian Securities Administrators issued a notice stating that securities regulators will be [...]
David H. Brett, President and CEO, Pacific Bay Minerals Ltd. reports that a review of historical exploration data at the Company's 100% owned Wheaton Creek Gold Property south of the Turnagain River near Dease Lake in northern BC , has highlighted a number of significant and encouraging findings, including a 1986 drill hole that cut 4.9 gpt gold over 3.05 metres. Additional drilling is warranted over a 1.5 kilometre zone [...]
David H. Brett, President and CEO, Pacific Bay Minerals Ltd. reports that the first hole of a two-hole, 236 metre drill program at the Company's 100% owned Weaver Lake gold property in the New Westminster Mining Division in southern BC returned assays of 2 g/t gold and 13.71 g/t silver over 4.61 metres. These results represent core lengths only, as the true width of the structure has not yet been determined. The second [...]
David H. Brett, President and CEO, Pacific Bay Minerals Ltd. is pleased to report that veteran geologist Frank Moyle, B.Sc., has joined the board of directors of the Company. Longtime director Joel Tarrida, businessman based in Bellingham, WA, has stepped down. "Myself & the rest of the board and management of Pacific Bay would like to express our great appreciation to Joel for his many years of faithful service on behalf [...]
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