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From the Wires
Pacific Comox Announces Proposed Financing
By: Marketwire .
Nov. 27, 2009 01:31 PM
TORONTO, ONTARIO -- (Marketwire) -- 11/27/09 -- Pacific Comox Resources Ltd. (TSX VENTURE: PCM) reports the Company plans to raise C$200,000 through a number of private placements. Of the financing $100,000 is in the form of units consisting of one flow-through share and one common share purchase warrant and $100,000 is in the form of units consisting of one common share and one common share purchase warrant. A warrant is exercisable for one common share at C$0.10 for one year from closing. Each unit is priced at C$0.05. The securities will be subject to a four month hold period from the date of closing. A finder's fee of 8% is payable where applicable. The Company has 171,960,655 common shares outstanding. The funds raised will be used to advance the exploration program on the Ryan Lake copper-molybdenum property near Matachewan, Ontario, the Mabel gold/silver property in Mexico and general corporate purposes. The financing is subject to regulatory approval. Donald Empey, President For further information please contact Donald Empey at tel: 416 977 4653, fax: 416 977 8335 or email at dempey@pacificcomox.com or visit Pacific Comox's website at www.pacificcomox.com. Pacific Comox Resources Ltd. One Dundas Street West, Suite 2300, Box 13; Toronto, Ontario Canada M5G 1Z3 The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Contacts: Latest AJAXWorld RIA Stories
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