Pacific Bay Announces Closing of First Tranche of Private Placement
Pacific Bay Announces Closing of First Tranche of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2024) - Pacific Bay Minerals Ltd. (TSXV: PBM) ("Pacific Bay" or, the "Company") is pleased to announce the closing of a first tranche ("Tranche 1") of its non-brokered private placement (the "Financing"), previously announced on March 18, 2024 and March 26, 2024, issuing a total of 2,600,000 units (the "Hard Units") at $0.05 per Hard Unit, and 1,178,144 flow-through units (the "Flow-Through Units") at $0.07 per Flow-Through Unit, for aggregate total gross proceeds of $212,470.
不列颠哥伦比亚省温哥华--(Newsfile Corp.,2024 年 5 月 13 日)-太平洋湾矿业有限公司(TSXV:PBM)(”太平洋湾“或者,”公司“) 很高兴地宣布第一批项目结束 (”第 1 部分“) 其非经纪私募股份 (the”融资“),此前曾于 2024 年 3 月 18 日和 2024 年 3 月 26 日宣布,共发行 2,600,000 台(”硬部队“) 每个硬单元 0.05 美元,流通单位 1,178,144 个(”流通单元“)每个流通单位0.07美元,总收益为212,470美元。
Each Hard Unit consists of one common share and one common share purchase warrant (each, a "Warrant"), and each Flow-Through Unit consists of one flow-through common share (within the meaning of the Income Tax Act (Canada) (the "Tax Act")) and one Warrant issued on a non-flow- through basis. Each Warrant is exercisable into one additional common share in the capital of the Company at an exercise price of $0.08 for a period of twenty-four (24) months from the date of issuance.
每个硬单位由一份普通股和一份普通股购买权证组成(每份均为”搜查令“),每个流通单位由一个流通普通股组成(在意思范围内 所得税法 (加拿大)(”《税法》“)和一份在非流通基础上发行的认股权证。每份认股权证自发行之日起二十四(24)个月内可按0.08美元的行使价在公司资本中额外行使一股普通股。
The Company also announces it has received approval from the TSXV Venture Exchange ("TSXV") for an extension to close the Financing on, or before, June 8, 2024, and closing remains subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals (including final approval of the TSXV).
该公司还宣布已获得多伦多证券交易所风险投资交易所的批准(”TSXV“)延期以在2024年6月8日当天或之前完成融资,而完成融资仍需满足某些条件,包括但不限于获得所有必要的监管批准(包括多伦多证券交易所的最终批准)。
Proceeds of the Financing will be used to explore the company's portfolio of critical mineral exploration projects in British Columbia, Canada and for working capital and general corporate purposes. The aggregate gross proceeds raised from the Flow-through units will be used before 2025 for expenditures that will qualify as "critical mineral flow through mining expenditures" within the meaning of the Tax Act.
融资收益将用于探索该公司在加拿大不列颠哥伦比亚省的关键矿产勘探项目组合,并用于营运资金和一般公司用途。流通单位筹集的总收益将在2025年之前用于符合《税法》定义的 “关键矿产流经采矿支出” 的支出。
Certain insiders of the Company acquired a total of 714,286 Flow-Through Units and 500,000 Hard Units in Tranche 1 of the Financing. Any such participation would be considered a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company did not file a material change report more than 21 days prior to the Closing as the details of the insider participation were not settled until shortly prior to the date hereof, and the Company determined it was in the best interests of the Company to proceed with Closing on an expedited basis. The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. The Financing and acquisition of Flow-Through Units and Hard Units by insiders are exempt from the formal valuation and minority shareholder approval requirements under MI 61-101, as the gross proceeds received by the Company do not exceed 25% of the Company's market capitalization.
该公司的某些内部人士在第一批融资中共收购了714,286个流通单位和500,000个硬单位。任何此类参与都将被视为多边文书61-101所界定的 “关联方交易”- 在特殊交易中保护少数证券持有人 (”MI 61-101“)。该公司在收盘前超过21天没有提交重大变更报告,因为内部人士参与的细节直到交易日前不久才确定,而且公司认为加快结算符合公司的最大利益。该公司依赖MI 61-101规定的正式估值和少数股东批准要求的豁免。内部人士对流通单位和硬单位的融资和收购不受MI 61-101规定的正式估值和少数股东批准要求的约束,因为公司获得的总收益不超过公司市值的25%。
In accordance with the policies of the TSXV, the Company paid finders' fees to a certain arm's length person in connection with the closing of Tranche 1, consisting of a cash fee of $700, and 10,000 non- transferable finder's warrants (the "Finder's Warrants"), representing 7% of the aggregate proceeds raised from the sale of Flow-Through Units to subscribers introduced to the Company by such person, and 7% of the aggregate Flow-Through Units subscribed for from subscribers introduced to the Company by such person, respectively. Each Finder's Warrant is exercisable by the holder for one, common share in the capital of the Company at an exercise price of $0.08 for a period of twenty-four (24) months from the date of issuance.
根据多伦多证券交易所的政策,公司向某位独立人士支付了与第一批交易有关的发现者费用,包括700美元的现金费和10,000份不可转让的发现者认股权证(”发现者认股权证“),分别占向该人向公司介绍的订阅者出售流通单位所得总收益的7%,以及该人向公司介绍的订阅者认购的流通单位总额的7%。每份发现者认股权证均可由持有人行使公司资本中的一股普通股,行使价为0.08美元,为期二十四(24)个月,自发行之日起二十四(24)个月。
In accordance with applicable Canadian securities laws, all securities issued pursuant to the Financing are subject to a four (4) month hold period.
根据适用的加拿大证券法,根据本次融资发行的所有证券均有四(4)个月的持有期。
About Pacific Bay Minerals Limited
太平洋湾矿业有限公司简介
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 100% owned properties located in British Columbia: Sphinx Mountain Rare Earth Project near Dease Lake in northern BC and the Haskins Reed Polymetalic Project near Cassiar BC.
太平洋湾矿业是一家加拿大矿产勘探公司,从事采矿项目的收购、勘探和开发。太平洋湾矿业专注于其位于不列颠哥伦比亚省的100%自有房产:不列颠哥伦比亚省北部迪斯湖附近的狮身人面像山稀土项目和不列颠哥伦比亚省卡西亚尔附近的哈斯金斯里德多金属项目。
Pacific Bay Minerals Ltd.
Per/
太平洋湾矿业有限公司
Per/
Reagan Glazier, President and CEO
reagan@pacificbayminerals.com
(604) 682-2421
里根·格拉齐尔,总裁兼首席执行官
reagan@pacificbayminerals.com
(604) 682-2421
pacificbayminerals.com / Twitter / LinkedIn
pacificbayminerals.com / 推特 / 领英
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.
本新闻稿包含与未来事件有关的前瞻性陈述。在某些情况下,您可以通过 “将”、“可能”、“应该”、“期望”、“计划” 或 “预期” 等术语或这些术语的否定词或其他类似术语来识别前瞻性陈述。除历史事实陈述外,此处包含的所有陈述均为前瞻性陈述,包括但不限于公司对融资截止日期、融资收益使用和其他事项的预期。这些陈述仅是预测,涉及已知和未知的风险、不确定性和其他因素,这些因素可能导致公司的实际业绩、活动水平、业绩或成就与这些前瞻性陈述所表达或暗示的任何未来业绩、活动水平、业绩或成就存在重大差异。尽管这些前瞻性陈述及其所依据的任何假设都是本着诚意做出的,反映了公司目前对其业务方向的判断,但实际业绩可能与本文中的任何估计、预测、预测、假设或其他未来业绩建议有所不同,有时甚至是重大差异。除非适用法律要求,否则公司无意更新任何前瞻性陈述以使这些陈述与实际业绩保持一致。
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.
多伦多证券交易所风险投资交易所及其监管服务提供商(该术语在多伦多证券交易所风险投资交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。