Pacific Bay Closes Financing and Atlin Goldfields Option, Announces Management Changes
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 Amends Private Placement Terms
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 and Brixton Sign Definitive Option Agreement for Atlin Goldfields Property in BC
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.
Pacific Bay Minerals to Resume Trading on the TSX Venture Exchange on May 2, 2022
David H. Brett, President and CEO, Pacific Bay Minerals Ltd. reports that the common shares of Pacific Bay have been approved to resume trading at the opening on May 2, 2022.
Pacific Bay Announces LOI to Option Atlin Goldfields
Pacific Bay has signed a LOI 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.
Pacific Bay adds to Land Package at Wheaton Creek Gold Property
News Release: Pacific Bay adds to Land Package at Wheaton Creek Gold Property: An additional 730 hectares increasing the land position to 3,750 hectares.
Pacific Bay Flow-Through Financing Update
Pacific Bay Minerals Ltd. has arranged a non-brokered private placement issuing flow-through units to fund exploration in British Columbia.
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.
Pacific Bay Airborne Survey Reveals Magnetic Anomalies at Wheaton Creek Gold Property
The airborne magnetic survey over the Company’s 100% owned Wheaton Creek Gold property in Northern British Columbia has successfully outlined distinctive magnetic features that will assist the drill targeting in it’s upcoming program.
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.