News Release
Pacific Empire Minerals Corp. Announces Filing of Final Prospectus in connection with Initial Public Offering in Canada
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
October 25, 2017, Vancouver, BC, Canada – Pacific Empire Minerals Corp. (“PEMC” or the “Company”) is pleased to announce it has filed, and received a receipt for, a final long form prospectus (the “Final Prospectus”) dated October 23, 2017 with the securities commissions of each of British Columbia, Alberta and Ontario, in connection with its previously announced initial public offering (the “Offering”) of units of the Company (“Units”). The Offering consists of a minimum of 7,500,000 Units and a maximum of 10,000,000 Units, at a price of $0.20 per Unit. Each Unit consists of one common share of the Company and one-half of one common share purchase warrant. Each share purchase warrant will be exercisable at a price of $0.30 for a period of 24 months. A copy of the Final Prospectus is available under the Company’s profile on SEDAR (www.sedar.com).
In connection with the Offering, the Company has entered into an agency agreement with Haywood Securities Inc., acting as lead agent, pursuant to which the agent will offer the Units on a “best efforts” basis.
The Company is also pleased to announce that it has obtained TSX Venture Exchange (the “TSXV”) conditional approval for the listing of its common shares under the symbol PEMC.V. Listing is subject to the Company fulfilling all of the customary requirements of the TSXV on or before January 17, 2018. The Company does not intend to apply for listing of the warrants underlying the Units on any securities exchange or for inclusion in any automated quotation system.
There can be no assurance that the Offering will be completed. An investment in Units is subject to a number of risks. For more information, potential investors should read the Final Prospectus, including the risk factors described in the Final Prospectus. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or acceptance of an offer to buy the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in such jurisdiction.
No securities regulatory authority has either approved or disapproved of the contents of this news release. This news release is not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia) or any other jurisdiction outside Canada. This news release does not constitute or form part of any offer or solicitation to buy or sell any securities in the United States or any other jurisdiction outside of Canada. The securities
offered pursuant to the Offering have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws and may not be offered or sold in the United States or to U.S. Persons absent registration or an available exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. There will be no public offering of securities in the United States.
About Pacific Empire Minerals Corp.
PEMC is an exploration company based in Vancouver, British Columbia, that employs the “prospect generator” business model and is currently focused on the acquisition, funding and exploration of its Wildcat Project, which consists of 10 mineral claims covering an area of approximately 5,826 hectares in the Omineca Mining Division of British Columbia.
The Final Prospectus containing important information relating to the Units has been filed with securities commissions of each of British Columbia, Alberta and Ontario. A copy of the Final Prospectus is available on SEDAR (www.sedar.com).
ON BEHALF OF THE BOARD
Brad Peters
President and Chief Executive Officer
Pacific Empire Minerals Corp.
Tel: +1-604-356-6246
