Pacific Bay Announces Flow-Through Financing

Pacific Bay Minerals Ltd. has arranged a non-brokered private placement issuing flow-through units to fund exploration in British Columbia.

Pacific Bay Magnetic Interpretation Identifies New Drill Targets at Wheaton Creek Gold Property

Pacific Bay has identified new drill targets and refined its drill program through analysis and interpretation of the airborne magnetic, VLF, and radiometric surveys carried out by Precision GeoSurveys Inc. (Precision) over the Wheaton Creek Gold Property in Northern British Columbia.

Watch Now: Corporate Presentation 2021

WATCH: The Pacific Bay management team walks through their latest corporate presentation (July 2021). Find out why we're excited about the Wheaton Creek Gold project.

Magnetic Survey, Wheaton Creek Gold

Pacific Bay Minerals has engaged Precision GeoSurveys Inc. to perform a detailed airborne magnetic survey over the Company’s 100% owned Wheaton Creek Gold property, located in Skeena Mining Division of Northern British Columbia.

CORPORATE UPDATE AND 2021 PLANS

David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX Venture: PBM, “Pacific Bay” or the “Company”) is pleased to provide an update on the Company’s exploration strategy and program for its 100% owned Wheaton Creek Gold and Haskins-Reed polymetallic properties.

Final Tranche Closed

Pacific Bay has closed a $35,750 final tranche of a previously announced financing through issuance of 286,000 units at a price of at a price of $0.125 per unit (the “Units”). The Units consist of one common share and one warrant to purchase one additional common share at a price of $0.175 for one year.

Non Flow-Through Financing Extended

Company has received TSX Venture Exchange approval to extend the closing date of the remaining 1,210,000 non flow-through units (the “NFT Units”) at a price of $0.125 per NFT Unit, to February 5th, 2021. Each NFT Unit consists of one common share and one warrant to purchase one additional common share at a price of $0.175 for one year.

Private Placement Extended

the Company has received TSX Venture Exchange approval to extend the closing of the remaining $171,500 of a $537,500 non-brokered flow-through and non flow-through private placement announced on November 4, 2020 (the “Financing”) to January 21, 2021. A $366,000 first tranche of the Financing was closed on December 8, 2020.

First Tranche Closed

...the Company has closed a $366,440 gross proceeds first tranche a $537,500 non-brokered private placement announced November 4, 2020.

AGM Update

...shareholder’s passed all resolutions put before the Company’s Annual General Meeting held November 27th, 2020, in Vancouver, including the election of new director Antonio Vespa, the Company’s current VP of Operations.