VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 9, 2011) -Pacific Imperial Mines Inc. ("PPM") (TSX VENTURE:PPM.H) announces that it will conduct on a best efforts basis, a non-brokered private placement of up to 2,000,000 shares of the company at $0.15 per share to raise gross proceeds of up to $300,000.
The proceeds from the private placement will be used for general working capital purposes. The private placement is subject to receipt of all required regulatory approvals.
On behalf of the Board of Directors
PACIFIC IMPERIAL MINES INC.
H. Leo King, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release.
Contact Information:
Pacific Imperial Mines Inc.
H. Leo King
President
604-669-6332
604-688-9336 (FAX)
ppm-corp@telus.net
H. Leo King
President
604-669-6332
604-688-9336 (FAX)
ppm-corp@telus.net