Pacific Bay Minerals (TSE:PBM) has released an update.
Pacific Bay Minerals Ltd. has announced an increase in its private placement financing to a total of $350,000, which is aimed at funding the acquisition and development of its critical mineral exploration projects in British Columbia. The funding is divided into $150,000 of non-flow-through units and $200,000 of flow-through units, with each unit including share purchase warrants. The proceeds from the flow-through units will be used for exploration expenses and will qualify as Canadian exploration expenses and critical mineral flow-through mining expenditures.
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