Pacific Bay Minerals (TSE:PBM) has released an update.
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Pacific Bay Minerals Ltd. has announced an upcoming non-brokered private placement aiming to raise $250,030 by offering 3 million Units and over 1.4 million flow-through units, with attached warrants for additional shares. The funds raised are earmarked for the development of the company’s mineral exploration projects in British Columbia and for general corporate purposes. The offering, subject to regulatory approvals, is set to close by April 1, 2024, with a four-month hold period on the securities issued.
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