Pacific Bay Minerals Halts Private Placement

Pacific Bay Minerals (TSE:PBM) has released an update.

Pacific Bay Minerals Ltd., a Canadian mineral exploration firm, has reported that the remaining portion of its private placement initially announced in March will not be proceeding. The company did successfully close a First Tranche in May, raising a total of $212,470 through the issuance of Hard Units at $0.05 each and Flow-Through Units at $0.07 each. Pacific Bay Minerals is actively engaged in exploring and developing its wholly-owned properties in British Columbia, including the Sphinx Mountain Rare Earth Project and the Haskins Reed Polymetalic Project.

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