Pacific Empire Announces Closing of First Tranche of Financing, Mobilization of Crews to Trident, and Grant of Options

Executive Summary

• Pacific Empire Minerals closed the first tranche of its non‑brokered private placement, raising C$1.386 million.
• Proceeds will fund a fully permitted 2025 diamond drill program at the Trident copper‑gold‑silver porphyry project, with drilling slated to start around October 12, 2025.
• The company also granted 7.7 million stock options to officers, directors and consultants and mobilized field crews to the Trident property.

Key Details

• Private Placement Closing – Gross proceeds of C$1,386,289.95 from issuance of 21,122,570 Hard Dollar Units (C$0.035/unit) and 16,175,000 Flow‑Through Units (C$0.04/unit).
• Unit Structure – Each Hard Dollar Unit: 1 common share + 1 warrant (exercise C$0.05, 2‑yr term). Each Flow‑Through Unit: 1 flow‑through common share + 1 warrant (exercise C$0.06, 2‑yr term).
• Finder Fees – Paid C$48,862.80 in cash and issued 1,329,830 finder warrants (exercise C$0.05, 2‑yr term) to eligible finders.
• Related Party Subscriptions – Senior officer & director subscribed for 1,800,000 Hard Dollar Units; a director subscribed for 4,000,000 Flow‑Through Units (transaction valued < C$2.5 M, exempt from minority shareholder approval).
• Use of Proceeds – Funding the 2025 diamond drill program at Trident and general working capital.
• Drill Program Mobilization – Field crews on site; drilling to commence ~Oct 12, 2025 targeting previously undrilled porphyry and breccia zones.
• Stock Option Grant – 7,700,000 options issued, each exercisable at C$0.05 per share for a five‑year term, under the company’s stock option plan.
• Statutory Hold Period – All securities subject to a four‑month‑plus‑one‑day hold period per securities law requirements.

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.