Pacific Iron Ore Corp.
TSX VENTURE : POC

Pacific Iron Ore Corp.

November 15, 2010 11:30 ET

Pacific Iron Ore Corporation Announces Revisions to Private Placement

CALGARY, ALBERTA--(Marketwire - Nov. 15, 2010) - Pacific Iron Ore Corporation ("Pacific Iron" or the "Corporation") (TSX VENTURE:POC) announces that it is amending the terms of its previously announced (November 1, 2010) non-brokered private placement. The offering (the "Offering") will now consist of the sale of up to 11,764,705 common shares for gross proceeds of up to $4,000,000. The 11,764,705 common shares will be comprised of a combination of common shares to be sold on a "flow through" basis at $0.38 per share and common shares to be sold at $0.34 per share. All other terms of the Offering remain as disclosed in the Corporation's press release of November 1, 2010.

Company Contacts:

For further information, please refer to the Corporation's profile on SEDAR which can be accessed at www.sedar.com, visit our website at www.pacificironorecorp.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Pacific Iron Ore Corporation
    Todd Montgomery
    Chief Executive Officer
    (403) 228-0607
    (403) 262-4860 (FAX)
    or
    Pacific Iron Ore Corporation
    Leonard Cornez
    Chief Financial Officer
    (403) 218-0294 or 1-866-682-5812
    (403) 265-2887 (FAX)
    or
    Pacific Iron Ore Corporation
    Jeffery Austin
    President
    (250) 763-4892
    (403) 265-2887 (FAX)
    www.pacificironorecorp.com