Pacific Imperial Mines Inc.

Pacific Imperial Mines Inc.

August 02, 2012 13:27 ET

Pacific Imperial Mines Inc. Announces Closing of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 2, 2012) - Pacific Imperial Mines Inc. (TSX VENTURE:PPM.H) has closed its non-brokered private placement offering of $200,000 announced on June 21, 2012. A total of 2,000,000 common shares were issued at a price of $0.10 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 December 1, 2012.

Proceeds from the private placement will be used for general working capital.

On behalf of the Board of Directors


Roman Shklanka, Chairman and Director

This news release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.

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.

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