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Pacific Bay announces the closing of the definitive option agreement to acquire up to a 100% interest in the Atlin Goldfields Property in northern BC from Brixton, and related non-brokered private placement. Also, the Company announces changes to the executive management structure including the appointment of a new director.
Pacific Bay has, subject to the acceptance of the TSX Venture Exchange, amended the terms of the $500,000 non brokered private placement announced March 24, 2022, and as amended May 6th, 2022 in connection with the Company’s proposed acquisition of the Atlin Goldfields Property.
Pacific Bay, further to the Company’s March 24, 2022 Letter of Intent announcement, has signed a Definitive Agreement with Brixton Metals Corp. to acquire an option to purchase up to a 100% interest in the Atlin Goldfields Project located in Northwest British Columbia.