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Pacific Imperial Mines Inc V.PPM

Alternate Symbol(s):  PCIMF

Pacific Imperial Mines Inc. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, evaluation and development of mineral properties. The Company is focused on exploring the Brownell Lake property in Saskatchewan and the PAM and Babine properties in British Columbia (B.C.). The Company has an option to acquire approximately 60% interest in the Brownell Lake property, consisting of three mineral dispositions covering 1,863.3 hectares located approximately 17 km northwest of Deschambault Lake, Saskatchewan. It has the option to acquire approximately 100% interest in the Babine and PAM properties in Central British Columbia. The Babine property consists of three mineral claims covering 2,226 hectares, located 1.5 km north of the Granisle Mine. The PAM property consists of seven mineral claims covering 2,403 hectares, located approximately 25 km northeast of the Huckleberry Cu-Mo Mine.


TSXV:PPM - Post by User

Bullboard Posts
Post by blueskyflyeron May 29, 2018 6:56pm
89 Views
Post# 28096227

reports

reports
 

Liquidity and Capital Resources

 

The Company’s business is exploration and it does not generate cash flow from operations to adequately fund its
activities and has therefore relied principally upon the issuance of securities and loans and advances from directors
for financing. During the nine months ended March 31, 2018, the Company incurred a net loss of $181,796 (2017
– $236,188).  As of March 31, 2018, the Company had working capital of $501,000 (June 30, 2017 - $94,489).    

 

 
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