VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 5, 2011) - Pacific Imperial Mines Inc. (TSX VENTURE:PPM.H) (the "Company") has closed its non-brokered private placement offering of $300,000 announced on May 9, 2011. A total of 2,000,000 common shares were issued at a price of $0.15 per share.
The common shares issued by the Company in connection with the private placement are subject to a statutory hold period which expires on October 23, 2011.
Proceeds from the private placement will be used for general working capital. The Company continues to seek new business opportunities to pursue.
On behalf of the Board of Directors
PACIFIC IMPERIAL MINES INC.
s/"H.Leo King"
H. Leo King President and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), accept responsibility for the adequacy or accuracy of this News Release. This news release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.
Contact Information:
Leo King
President
604-669-6332
604-688-9336 (FAX)
investor@pacificimperialmines.com or ppm-corp@telus.net