Vancouver, British Columbia -- (Newsfile Corp. - May 20, 2015) - David H. Brett, President and CEO,
Pacific Bay Minerals Ltd. (TSXV: PBM) (the "Company") reports that the Company will shortly be reinstated for trading on the TSX Venture Exchange. A review of the Company's disclosures by the TSX Venture reviewed that the following updates are required.
The investor relations agreement with Calibre Communication Corp. announced August 1, 2014 terminated October 31, 2014 after the three month term. The 100,000 stock options related to that contract are not in effect.
The $70,000 private placement of common share units announced October 23
rd, 2014 closed December 22, 2014 with the issuance of 1,400,000 shares at $0.05 per share (subject to a hold period expiring April 23
rd) 2014 and 1,400,000 warrants whereby each warrant entitles the holder to purchase one share at $0.10 per share for one year. Also on December 22
nd, 2014 the Company closed a $50,000 placement of flow-through units, originally announced June 9, 2014, whereby each unit consists of one flow through share (hold period expiring April 23
rd, 2015) and one warrant to purchase a non flow through share at $0.10 per share for one year.
Pacific Bay Minerals Ltd.
Per/
David H. Brett, MBA, President & CEO
604-682-2421
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
