Pacific Bay Private Placement Update
Pacific Bay Minerals announced that it will not proceed with the remaining balance of its non-brokered private placement initially announced on March 18 and 26, 2024.
The first tranche closed on May 13, where 2,600,000 units were issued at $0.05 per unit and 1,178,144 flow-through units at $0.07 per unit, generating a total of $212,470 in gross proceeds.
- Successful closing of the first tranche of the private placement
- Raised $212,470 in gross proceeds from the first tranche
- Decision not to proceed with the balance of the private placement
Vancouver, British Columbia--(Newsfile Corp. - June 19, 2024) - Pacific Bay Minerals Ltd. (TSXV: PBM) ("Pacific Bay" or, the "Company") reports that the balance of its non-brokered private placement announced on March 18, 2024 and March 26, 2024 (the "Financing") will not be proceeding. The Company announced the closing of a First Tranche on May 13th, whereby the Company issued a total of 2,600,000 units (the "Hard Units") at
About Pacific Bay Minerals Ltd.
Pacific Bay Minerals is a Canadian mineral exploration company engaged in the acquisition, exploration, and development of mining projects. Pacific Bay Minerals is focused on its
Pacific Bay Minerals Ltd.
Reagan Glazier, President and CEO
reagan@pacificbayminerals.com
(403) 815-6663
pacificbayminerals.com
This News Release contains forward-looking statements, which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "will", "may", "should", "expects", "plans", or "anticipates" or the negative of these terms or other comparable terminology. All statements included herein, other than statements of historical fact, are forward-looking statements, including but not limited to the Company's expectations regarding, the closing date of the Financing, the use of proceeds of the Financing and other matters. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith, and reflect the Company's current judgment regarding the direction of its business, actual results will may vary, sometimes materially, from any estimates, predictions, projections, assumptions, or other future performance suggestions herein. Except as required by applicable law, the Company does not intend to update any forward-looking statements to conform these statements to actual results.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/213553
FAQ
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