Pacific Imperial Mines Settles Debt with Share Issuance

Pacific Imperial Mines (TSE:PPM) has released an update.

Pacific Imperial Mines Inc. has announced their plan to issue over 3.6 million common shares to settle a debt of approximately $110,487 related to exploration expenses, pending final approval from the TSX Venture Exchange. These shares will be subject to a four-month hold period after the Debt Settlement closing date. The company specializes in mineral exploration, targeting properties in the USA and Canada.

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