Pacific Bay Minerals Ltd. (TSXV: PBM) is gearing up to bolster its Brazilian gold exploration ambitions with a non-brokered private placement. The company aims to raise up to $2 million by issuing 20 million units at $0.10 apiece. Each unit comprises a common share and a warrant, with the latter offering a path to acquiring an additional share at $0.15 within a 24-month window. The crucial funding will expedite the acquisition and exploration phases of the Pereira-Velho Gold Project in Brazil. In a strategic move to strengthen its on-ground capabilities, Elton Pereira has stepped into the role of country manager for Brazil, a transition from his previous position as VP of exploration. Furthermore, the company is seeking approval to extend the expiry of 7,365,873 warrants from July 20, 2025, to July 20, 2026, providing added financial flexibility.
Pacific Bay Minerals Ltd. (TSXV: PBM) si prepara a rafforzare le sue ambizioni di esplorazione dell’oro in Brasile con un’offerta privata non intermediata. La società mira a raccogliere fino a 2 milioni di dollari emettendo 20 milioni di unità a 0,10 dollari ciascuna. Ogni unità comprende un’azione ordinaria e un warrant, con quest’ultimo che offre la possibilità di acquisire un’ulteriore azione a 0,15 dollari entro un periodo di 24 mesi. I finanziamenti cruciali accelereranno le fasi di acquisizione ed esplorazione del Progetto Aurifero Pereira-Velho in Brasile. In una mossa strategica per rafforzare le sue capacità sul campo, Elton Pereira è entrato nel ruolo di country manager per il Brasile, una transizione dal suo precedente ruolo di vicepresidente dell’esplorazione. Inoltre, la società sta richiedendo l’approvazione per estendere la scadenza di 7.365.873 warrant dal 20 luglio 2025 al 20 luglio 2026, offrendo maggiore flessibilità finanziaria.
Pacific Bay Minerals Ltd. (TSXV: PBM) se prepara para impulsar sus ambiciones de exploración de oro en Brasil con una oferta privada no intermediada. La empresa tiene como objetivo recaudar hasta 2 millones de dólares mediante la emisión de 20 millones de unidades a 0,10 dólares cada una. Cada unidad comprende una acción común y un warrant, con este último ofreciendo una vía para adquirir una acción adicional a 0,15 dólares en un plazo de 24 meses. La financiación crucial acelerará las fases de adquisición y exploración del Proyecto de Oro Pereira-Velho en Brasil. En un movimiento estratégico para fortalecer sus capacidades sobre el terreno, Elton Pereira ha asumido el cargo de gerente de país para Brasil, una transición desde su puesto anterior como vicepresidente de exploración. Además, la empresa está solicitando la aprobación para extender la fecha de vencimiento de 7.365.873 warrants del 20 de julio de 2025 al 20 de julio de 2026, lo que brinda una mayor flexibilidad financiera.
Pacific Bay Minerals Ltd.(TSXV: PBM)는 브라질 금 탐사 야망을 강화하기 위해 2천만 주를 주당 0.10달러에 발행하여 2백만 달러를 조달하는 비중개 사모 펀드 조성을 준비하고 있습니다. 각 유닛은 보통주와 1주를 24개월 내에 0.15달러에 추가 주식으로 인수할 수 있는 워런트로 구성됩니다. 이 중요한 자금은 브라질 페레이라-벨류 금 프로젝트의 인수 및 탐사 단계를 가속화할 것입니다. 현지 역량을 강화하기 위한 전략적인 움직임으로, 엘튼 페레이라는 탐사 부사장직에서 브라질 국가 매니저직으로 전환했습니다. 또한, 회사는 7,365,873개의 워런트 만기일을 2025년 7월 20일에서 2026년 7월 20일로 연장하기 위한 승인을 요청하고 있으며, 이를 통해 추가적인 재정적 유연성을 확보하고 있습니다.
Pacific Bay Minerals Ltd. (TSXV : PBM) se prépare à renforcer ses ambitions d’exploration aurifère au Brésil avec un placement privé non négocié. L’entreprise vise à lever jusqu’à 2 millions de dollars en émettant 20 millions d’unités à 0,10 $ chacune. Chaque unité comprend une action ordinaire et un bon de souscription, ce dernier offrant une voie pour acquérir une action supplémentaire à 0,15 $ dans un délai de 24 mois. Le financement crucial accélérera les phases d’acquisition et d’exploration du projet aurifère Pereira-Velho au Brésil. Dans un mouvement stratégique visant à consolider ses capacités sur le terrain, Elton Pereira a pris le poste de directeur pays pour le Brésil, une transition depuis son rôle précédent de vice-président de l’exploration. De plus, l’entreprise sollicite l’approbation pour prolonger l’échéance de 7 365 873 bons de souscription du 20 juillet 2025 au 20 juillet 2026, offrant ainsi une flexibilité financière supplémentaire.
Pacific Bay Minerals Ltd. (TSXV: PBM) bereitet sich darauf vor, seine Goldexplorationsambitionen in Brasilien mit einer nicht vermittelten Privatplatzierung zu stärken. Das Unternehmen zielt darauf ab, bis zu 2 Millionen US-Dollar durch die Ausgabe von 20 Millionen Einheiten zu je 0,10 US-Dollar einzunehmen. Jede Einheit umfasst eine Stammaktie und einen Warrant, wobei letzterer die Möglichkeit bietet, innerhalb von 24 Monaten zu 0,15 US-Dollar eine zusätzliche Aktie zu erwerben. Die entscheidende Finanzierung wird die Akquisitions- und Explorationsphasen des Pereira-Velho Goldprojekts in Brasilien beschleunigen. In einem strategischen Schritt zur Stärkung der lokalen Kapazitäten hat Elton Pereira die Rolle des Länderchefs für Brasilien übernommen, eine Umstrukturierung von seiner früheren Position als VP Exploration. Darüber hinaus strebt das Unternehmen die Genehmigung zur Verlängerung der Laufzeit von 7.365.873 Warrants vom 20. Juli 2025 auf den 20. Juli 2026 an, was für zusätzliche finanzielle Flexibilität sorgt.
Positive
- Significant capital raise of $2 million to fund gold project acquisition and exploration
- Strategic management change with appointment of experienced local manager for Brazil operations
- Warrant acceleration clause provides upside potential if share price reaches $0.25
- Extension of existing warrants provides additional funding flexibility
Negative
- Significant dilution potential with 20 million new units being issued
- Option to acquire Pereira-Velho Gold Project still subject to conditions and approvals
- Insider participation may raise conflict of interest concerns
- 7% finder’s fees on completed subscriptions will reduce net proceeds
07/08/2025 – 02:22 AM
NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OF FOR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia–(Newsfile Corp. – July 8, 2025) – Pacific Bay Minerals Ltd. (TSXV: PBM) (“PacBay” or the “Company”) is providing an update on its previously announced private placement, offering further insights into its strategic funding initiatives.
The Company is launching a non-brokered private placement designed to raise up to $2,000,000 through the sale of 20,000,000 units at a price point of $0.10 per unit. Each unit is structured to include one common share and one common share purchase warrant. These warrants will grant holders the right to acquire an additional common share at an exercise price of $0.15 for a period of 24 months from their issuance. A key feature of these warrants is an acceleration clause; should the company’s common share price achieve a 20-day weighted average trading price of $0.25 or higher on the TSX Venture Exchange, the Company reserves the right to shorten the warrant expiry. This accelerated expiry would manifest 14 trading days after a public announcement detailing the adjusted warrant term.
The units will be offered under exemptions from prospectus requirements, including National Instrument 45-106 and specifically tailored for existing shareholders in British Columbia via BC Instrument 45-534. This existing shareholder exemption allows for investments up to $15,000 within a 12-month period without requiring investment advice, provided the shareholder maintains their position. Investments exceeding this limit require professional advice from a registered investment dealer. Should subscriptions from existing shareholders surpass the offering’s maximum allowance, participation will be prorated.
In connection with the offering, the Company may engage eligible finders, offering them a fee of 7% in cash and 7% in finder’s warrants on successfully completed subscriptions, adhering to TSX Venture Exchange policies.
The offering is anticipated to close around July 27, 2025, contingent upon necessary regulatory approvals, including the green light from the TSX Venture Exchange. All securities issued will be subject to a standard four-month and one-day hold period under Canadian securities regulations.
Use of Proceeds
The capital infusion will primarily fuel the acquisition of an option for, and subsequent exploration of, the Pereira-Velho Gold Project in Brazil’s Alagoas State. The option to acquire this property is still pending definitive agreement finalization and TSX Venture Exchange approval. Residual funds are earmarked for exploration activities on the Company’s Canadian assets and for general corporate working capital.
Insider Participation
The Company anticipates that certain insiders may participate in this private placement. Such participation is classified as a “related party transaction” under TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. Pacific Bay Minerals intends to utilize exemptions available, bypassing formal valuation and minority shareholder approval requirements typically mandated by MI 61-101.
Warrant Extension
Pacific Bay Minerals also intends to extend the currency of 7,365,873 warrants originally issued on July 20, 2022. These warrants, presently set to expire on July 20, 2025, with an exercise price of $0.10, are proposed to have their expiry date pushed to July 20, 2026. This extension is subject to TSXV approval, and its successful procurement is not guaranteed.
Management Update
In a move to underscore its commitment to the Pereira-Velho gold project, Pacific Bay has appointed Elton Pereira as its country manager for Brazil. Mr. Pereira, previously holding the title of vice-president, exploration, will now leverage his operational leadership and deep-rooted local expertise in Brazil to drive the project forward.
About Pacific Bay Minerals Ltd.
Pacific Bay Minerals is a Canadian exploration firm actively involved in the acquisition, exploration, and development of mineral assets. Their current strategic focus centers on finalizing the acquisition and advancing exploration at the Pereira-Velho Gold Project in Brazil. The company also holds 100%-owned properties in British Columbia, namely Haskins Reed Polymetallic and Weaver Gold.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in TSX Venture Exchange policies) assumes any liability for the accuracy or completeness of this release.
This press release contains forward-looking statements that relate to future events and the Company’s expectations. These statements, often identified by words like “will,” “may,” “should,” “expects,” “plans,” or “anticipates,” are predictive in nature and are subject to known and unknown risks and uncertainties. While the Company believes its forward-looking statements and underlying assumptions are grounded in good faith, actual results may differ materially due to various factors, including the outcome of exploration activities, the procurement of regulatory approvals, the ability to secure adequate financing, and operational challenges. The Company does not intend to update these forward-looking statements to reflect actual outcomes, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258077
FAQ
What is the size and price of Pacific Bay Minerals’ (PBMFF) private placement offering?
Pacific Bay Minerals is offering 20 million units at $0.10 per unit to raise gross proceeds of $2 million. Each unit includes one common share and one warrant exercisable at $0.15 for 24 months.
How will Pacific Bay Minerals (PBMFF) use the proceeds from the $2M private placement?
The proceeds will primarily fund the acquisition and exploration of the Pereira-Velho Gold Project in Brazil, with remaining funds allocated to exploration of Canadian assets and general working capital.
What are the terms of Pacific Bay Minerals’ (PBMFF) warrant extension?
Pacific Bay Minerals is seeking to extend 7,365,873 warrants with a $0.10 exercise price from their current expiry of July 20, 2025, to a new expiry date of July 20, 2026, subject to TSXV approval.
Who is eligible to participate in Pacific Bay Minerals’ (PBMFF) private placement?
The offering is available through prospectus exemptions and to existing shareholders who can invest up to $15,000 in a 12-month period without investment advice, or more with proper investment dealer advice.
What management changes has Pacific Bay Minerals (PBMFF) announced?
Elton Pereira has been appointed as country manager for Brazil, transitioning from his previous role as vice-president of exploration, to focus on advancing the Pereira-Velho gold project.
