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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.
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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.
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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.
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