Pacific Imperial Announces Non-Brokered Private Placement

Pacific Imperial Mines Inc. announced a non-brokered private placement of up to 53,333,333 units at $0.075 per unit, targeting gross proceeds of up to $4,000,000. Each unit consists of one common share and one common share purchase warrant exercisable at $0.10 per share for five years. The company designated the proceeds for mining exploration expenditures and general working capital.

The transaction carries no finder fees, imposes a four-month hold period on the securities, and is subject to TSX Venture Exchange approval. This release follows the September 9, 2026 announcement of a 10:1 share consolidation and the identical private placement terms, indicating the closing or finalization of that offering. The financing comes after the October 20, 2026 termination of the Brownell Lake option due to a lack of funding following a previously cancelled private placement.

Pacific Imperial Mines Inc. (ppm) has secured a private placement to address severe cash shortages and fund ongoing exploration and earn-in obligations. The offering price was set at $0.075, representing approximately a 25% discount to the recent market price of $0.10, a move reflecting distressed financing conditions and a lack of premium investor demand.

The transaction involves the issuance of up to 53.33 million new shares, which will dilute existing shareholders by approximately 575% on a post-consolidation basis, severely eroding per-share value. Accompanying warrants add further potential upside dilution, featuring $0.10 exercise prices that are only marginally above the current trading range. The necessity for this capital underscores the failure of previous financing attempts and the company's reliance on continuous, highly dilutive equity raises to survive.

Pacific Imperial Mines Inc. (ppm) is a pre-revenue mineral exploration company based in Vancouver, British Columbia. The firm’s flagship assets include the Fenton property, an epithermal system targeting gold and silver, and the Babine property, a copper deposit located within a porphyry belt.

The company has optioned the 1,700-hectare Fenton property from Hudbay Minerals. The earn-in agreement requires $5.25 million in exploration expenditures and $2.175 million in cash and share payments over a six-year period, with Hudbay retaining a 1.25% NSR royalty. At the Babine property, Pacific Imperial Mines has optioned 2,226 hectares from private owners. The earn-in terms call for $1.756 million in exploration expenditures, $120,000 in cash, and 750,000 shares by December 2029, carrying a 1.5% NSR royalty.

The company previously terminated options for the Brownell Lake and PAM properties due to financing constraints.