Super cheap financing 525,000 units to CFO Frank AdamsThis financing was used to pay his own back wages.
PacificOre arranges $31,000 private placement
2013-07-12 18:33 ET - News Release
Mr. Don Wilson reports
PACIFICORE ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
PacificOre Mining Corp. has arranged a non-brokered private placement of 775,000 units at a price of four cents per unit for aggregate gross proceeds of $31,000. Each unit will comprise one common share and one share purchase warrant of the company. Each warrant will entitle the holder to purchase one share for a period of 48 months from the closing date at an exercise price of 15 cents per warrant share.
The proceeds raised will be used for general working capital. The private placement is subject to acceptance by the TSX Venture Exchange.
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