Pacific Imperial Mines announces $400K private placement

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By CPE News

Vancouver (pcJ News Briefs) – Pacific Imperial Mines Inc. (TSX-V: PPM) intends to close a non-brokered private placement of up to 20,000,000 common shares at a price of $0.02 per common share for gross proceeds of up to $400,000.

Proceeds of the offering will be used to advance its lithium properties and for general working capital purposes.

Pacific Imperial Mines currently is focusing on its 100% owned Eagle Mountain lithium property near Death Valley Junction, California.

photo credit: Pacific Imperial Mines