Pacific Empire closes first tranche of financing

Executive Summary

• Pacific Empire closed the first tranche of its non‑brokered private placement, raising $1.386 M in gross proceeds.
• Proceeds will fund the 2025 diamond drill program at the Trident copper‑gold‑silver porphyry project, with drilling slated to start around Oct. 12 2025.
• The company granted 7.7 million stock options to officers, directors and consultants at an exercise price of $0.05 per share (five‑year term).

Key Details

• Financing structure:
• 21,122,570 hard‑dollar units @ $0.035/unit and 16,175,000 flow‑through units @ $0.04/unit.
• Each hard‑dollar unit = 1 common share + 1 warrant (exercise $0.05, 2‑yr term).
• Each flow‑through unit = 1 flow‑through common share + 1 warrant (exercise $0.06, 2‑yr term).
• Gross proceeds: $1,386,289.95.
• Finder’s fees & warrants: Paid $48,862.80 cash; issued 1,329,830 finder’s warrants (exercise $0.05, 2‑yr term) to Haywood Securities, Canaccord Genuity, Research Capital, Raymond James.
• Related‑party subscriptions: Senior officer & director subscribed for 1.8 M hard‑dollar units; another director subscribed for 4 M flow‑through units (related‑party transaction under MI 61‑101).
• Regulatory notes: Securities subject to a statutory hold period of 4 months + 1 day; offering pending final TSX‑V approval.
• Mobilization: Field crews have mobilized to the Trident property in north‑central BC; drilling program will test previously untested porphyry and breccia targets. Anticipated start ≈ Oct 12 2025 (later text mentions September 2025 – both noted).
• Stock option grant: 7.7 M options issued to officers, directors, consultants; exercise price $0.05 per share; five‑year term; governed by company’s stock option plan and TSX‑V policies.
• Project context: Trident hosts an alkalic porphyry copper‑gold‑silver system with historic mineralization; new multiyear area‑based permit enables drilling of never‑tested northern targets.

Notable Quotes

“With the closing of this financing, Pacific Empire is fully funded to advance what we believe is one of the most significant exploration programs in the history of the Trident property.” – Brad Peters, President & CEO

All forward‑looking statements are subject to risks and uncertainties; readers should refer to the company’s qualified person statement and safe‑harbor disclaimer.