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VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 18, 2016) - Pacific Imperial Mines Inc. ("PPM") (TSX VENTURE:PPM) is pleased to announce that it has arranged a non-brokered private placement to raise gross proceeds of up to $450,000 (the "Offering'). The Offering will consist of up to 12,857,143 common shares at a price of $0.035 per common share. The common shares issued pursuant to the Offering will be subject to a four-month hold period. Completion of the Offering is subject to acceptance by the TSX Venture Exchange. The Offering is not subject to any minimum aggregate subscription. |
