Pacific Empire Minerals is pleased to announce it has commenced a reverse circulation drilling program on its Red JV copper-gold property in south-central British Columbia. "By using the Company's own, custom built, RC drill rig to advance projects within our portfolio, we will be capable of advancing projects beyond the stage of traditional project generators," commented Brad Peters, President and CEO of PEMC. "In [...]
Pacific Empire Minerals is pleased to announce today the closing of an initial public offering of 10,000,000 units of the Company at a purchase price of $0.20 per Unit for gross proceeds of $2,000,000. Each Unit is comprised of one common share of the Company and one Common Share purchase warrant of the Company. Each Warrant is exercisable for one Common Share at a price of $0.30, for a period of three years following the [...]
Pacific Empire Minerals is pleased to announce that the Company has signed an option agreement with ML Gold Corp. for the Stars Projectin west-central British Columbia. ML Gold can earn up to a 30% interest in the Project in which PEMC currently holds a 50% interest. As consideration for the Option, ML Gold will make aggregate cash payments in the amount of $80,000 and issue a total of 600,000 common shares to the Company [...]
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