Announcement • Jan 28
Pacific Bay Receives Positive New Geological Report on Weaver Gold Property in Bc Pacific Bay Minerals Ltd. reported that the Company is in receipt of a new geological report on the Weaver Gold Property in southwestern BC by Kristian Whitehead, P.Geo., who has significant expertise in the area. Historic drilling at Weaver Gold has returned impressive high-grade gold results in quartz carbonate veins that have potential for extension. As previously reported, Weaver Gold is under an option agreement with Aurwest Resources Corporation whereby Aurwest can earn a 50% interest in the Company's 100% owned Weaver Gold Project over three years. Pacific Bay will be the operator of the Weaver Gold Project. Summary Findings of the Whitehead Weaver Gold Report. The Weaver Gold Property, located in southwestern British Columbia approximately 13 kilometers north of Highway 7 near Harrison Mills, has demonstrated notable gold and silver mineralization through historical drilling. Past campaigns have returned impressive intercepts, such as 16.6 g/t gold and 91.9 g/t silver over 1.52 meters and 11.8 g/t gold and 44.6 g/t silver over 2.13 meters from the 1975 program, along with 8.61 g/t gold and 46.2 g/t silver over 3.05 meters and 2.06 g/t gold and 21.4 g/t silver over 6.10 meters from 1996 drilling. More recent 2018 results included 2.49 g/t gold and 7.52 g/t silver over 1.,53 meters, underscoring the property's consistent mineralized intervals. Board Change • Dec 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Cameron MacDonald was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Dec 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$149k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$149k free cash flow). Shares are highly illiquid. Negative equity (-CA$433k). Earnings have declined by 4.5% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.65m market cap, or US$1.90m). Board Change • Nov 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Cameron MacDonald was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 26
Pacific Bay Minerals Ltd. announced that it expects to receive CAD 0.305 million in funding Pacific Bay Minerals Ltd. announced a non brokered private placement to issue 2,000,000 flow-through units at CAD 0.10 for the proceeds of CAD 200,000 and 1,500,000 non flow through units at CAD 0.07 for the proceeds of CAD 105,000 on September 25, 2025. The FT Units will consist of one flow through share and one-half warrant to purchase one non flow through share at CAD 0.15 for a period of one year. The NFT Units will consist of one common share and one full warrant to purchase one common share at CAD 0.10 for a period of one year. The Financing is subject to the acceptance of the TSX Venture Exchange. The Company reserves the ability to pay a finder fee of up to 8% of the gross proceeds of the financing. Board Change • Sep 19
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Cameron MacDonald was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 30
Pacific Bay Minerals Ltd., Annual General Meeting, Sep 26, 2025 Pacific Bay Minerals Ltd., Annual General Meeting, Sep 26, 2025. Location: british columbia, vancouver Canada Announcement • Jul 03
Pacific Bay Minerals Ltd. announced that it expects to receive CAD 2 million in funding Pacific Bay Minerals Ltd. announced a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.10 per unit for gross proceeds of up to CAD 2,000,000 July 2, 2025. Each unit will consist of one common share and one common share purchase warrant. Each warrant will be exercisable to acquire one additional common share at a price of CAD 0.15 per share for a period of 24 months from the date of issuance. The company may pay finder's fees to eligible parties consisting of 7% cash and 7% finder's warrants on completed subscriptions, in accordance with the policies of the TSX Venture Exchange. The offering is expected to close on or about July 17, 2025, and is subject to regulatory approvals including the acceptance of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a four-month and one day hold period under applicable Canadian securities laws. The transaction will include participation from certain insiders of the company. Board Change • Apr 23
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. 1 highly experienced director. 2 independent directors (3 non-independent directors). Board Chair David Brett is the most experienced director on the board, commencing their role in 1995. Independent Director Cameron MacDonald was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Jan 09
Pacific Bay Minerals Ltd. (TSXV:PBM) signed a letter of intent to acquire Pereira-Velho Gold Prospect from Appian Capital Advisory LLP for CAD 1.41 million. Pacific Bay Minerals Ltd. (TSXV:PBM) signed a letter of intent to acquire Pereira-Velho Gold Prospect from Appian Capital Advisory LLP for CAD 1.41 million on January 6, 2025. The a letter of intent gives Pacific Bay Minerals Ltd. (TSXV:PBM) and Appian Capital Advisory LLP until January 31, 2025, to complete a due diligence study, determine the final structure of the and to enter into a binding, definitive agreement. As part of the proposed acquisition, Pacific Bay Minerals Ltd. (TSXV:PBM) will pay a total consideration of CAD 1.41 million, consisting of CAD 710,000 in cash and CAD 700,000 in either cash or Common Shares, at the company's discretion. The payments will be made in two tranches: upon signing the definitive agreement and obtaining necessary approvals, including TSX Venture Exchange approval, Pacific Bay will pay CAD 280,000 in cash and CAD 250,000 in cash or Common Shares. On the first anniversary of the definitive agreement, an additional CAD 430,000 in cash and CAD 450,000 in cash or Common Shares will be paid. Additionally, Appian will retain a 1.5% net smelter royalty on production from the project, which Pacific Bay can buy back for $3.5 million (CAD 5.1 million) at any time. New Risk • Dec 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$137k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$137k free cash flow). Shares are highly illiquid. Negative equity (-CA$123k). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.56m market cap, or US$1.12m). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). Announcement • Oct 07
Pacific Bay Minerals Ltd., Annual General Meeting, Dec 02, 2024 Pacific Bay Minerals Ltd., Annual General Meeting, Dec 02, 2024. Location: british columbia, vancouver Canada New Risk • Jun 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$74k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$74k free cash flow). Shares are highly illiquid. Negative equity (-CA$357k). Earnings have declined by 37% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.22m market cap, or US$888.7k). Minor Risk Shareholders have been diluted in the past year (14% increase in shares outstanding). Announcement • Mar 18
Pacific Bay Minerals Ltd. announced that it expects to receive $0.25003 million in funding Pacific Bay Minerals Ltd. announced a non-brokered private placement to issue 3,000,000 units at an issue price of $0.05 per Unit for the gross proceeds of $150,000 and 1,429,000 flow-through units at an issue price of $0.07 per unit for the gross proceeds of $100,030; aggregate gross proceeds of $250,030 on March 18, 2024. Each Unit will comprise one common share and one common share purchase warrant and Each FT Unit will consist of one charity flow-through common share and one Warrant to be issued on a non-flow-through basis. Each Warrant shall be exercisable into one additional common share for twenty-four months from closing at an exercise price of $0.05905 (CAD 0.08) per Warrant. The transaction may include participation from certain insiders. The Offering is expected to close on or about April 1, 2024, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals. The securities issued pursuant to the Offering will be subject to a four month hold period from the date of closing of the Offering. In accordance with the policies of the TSX Venture Exchange, the Company may pay a finder's fee of up to a 7% cash for subscriptions to the Financing. Board Change • Feb 20
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. 1 highly experienced director. 2 independent directors (3 non-independent directors). Director David Brett is the most experienced director on the board, commencing their role in 1995. Independent Director Cameron MacDonald was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Feb 02
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. 1 highly experienced director. 2 independent directors (3 non-independent directors). Director David Brett is the most experienced director on the board, commencing their role in 1995. Independent Director Cameron MacDonald was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Dec 08
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. 1 highly experienced director. 2 independent directors (3 non-independent directors). Director David Brett is the most experienced director on the board, commencing their role in 1995. Independent Director Cameron MacDonald was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. New Risk • Dec 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$179k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$179k free cash flow). Shares are highly illiquid. Negative equity (-CA$28k). Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$929.1k market cap, or US$684.8k). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Announcement • Oct 24
Pacific Bay Minerals Ltd., Annual General Meeting, Dec 22, 2023 Pacific Bay Minerals Ltd., Annual General Meeting, Dec 22, 2023. Announcement • Sep 23
Pacific Bay Minerals Ltd. Announces Resignation of Mr. Antonio Vespa as Director Pacific Bay Minerals Ltd. reports that the Board of Directors of the Company have accepted the resignation of Mr. Antonio Vespa effective immediately. The board is actively engaged in identifying and evaluating alternatives with respect to the appointment of a new independent director to fill the vacancy left by Mr. Vespa's departure. Announcement • Sep 07
Pacific Bay Minerals Ltd. announced that it has received CAD 0.028 million in funding On September 6, 2023, Pacific Bay Minerals Ltd. closed the transaction. The company has now issued 560,000 units at CAD 0.05 per unit for the gross proceeds of CAD 28,000. No finder's fees or commissions were paid in the transaction. New Risk • Sep 05
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$4.2k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$527k free cash flow). Shares are highly illiquid. Negative equity (-CA$4.2k). Revenue is less than US$1m. Market cap is less than US$10m (CA$608.2k market cap, or US$445.5k). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Board Change • Jun 15
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. 1 highly experienced director. 2 independent directors (3 non-independent directors). Director David Brett is the most experienced director on the board, commencing their role in 1995. Independent Director Cameron MacDonald was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • May 16
Pacific Bay Minerals Ltd. announced that it expects to receive CAD 0.5005 million in funding Pacific Bay Minerals Ltd. announced a non-brokered private placement to issue 7,150,000 units at an issue price of CAD 0.07 per unit for the gross proceeds of CAD 500,500 on May 15, 2023. Each unit will consist of one common share and one-half share purchase warrant, with each warrant entitling the holder to acquire an additional share at a price of CAD 0.12 for a period of 36 months from the closing date of the transaction. The transaction is expected to close on or about May 30, 2023, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals. The securities issued pursuant to the transaction will be subject to a four-month hold period from the date of closing of the transaction. In connection with the offering, certain finders may receive a cash fee and/or non-transferable finders warrants. Board Change • Mar 28
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. 1 highly experienced director. 2 independent directors (3 non-independent directors). Non-Executive Chairman David Brett is the most experienced director on the board, commencing their role in 1995. Independent Director Cameron MacDonald was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Dec 15
Pacific Bay Minerals Ltd. Drills 3.05 Metres of 9.96 G/T Gold At Atlin Goldfields Pacific Bay Minerals Ltd. has now received assay results for the initial drill phase conducted in September 2022, consisting of two diamond drill holes on the Atlin Goldfields Project ("the Property") near the town of Atlin in northern British Columbia. Pacific Bay holds an option to acquire up to a 100% interest in the Property from Brixton Metals Inc. The diamond drill holes were designed to test gold mineralization at the Yellowjacket Zone, initially identified in the 1980s as a high grade orogenic (mesothermal) gold system. Yellowjacket was subsequently diamond drilled, bulk sampled and achieved a BC Small Mine Permit in 2009. The mining operation is currently under care and maintenance. Diamond drill hole YJ22-01, with a dip of -50o, intersected the Yellowjacket main zone returning 9.96 g/t gold over 3.05 metres (from 117.96 to 121.01 metres). Diamond drill hole YJ22-02, with a dip of -60o, stopped at 135.85 metres just entering the mineralized zone and did not return any gold values of significance. The two diamond drill holes, collared 30 metres apart were designed to test the Yellowjacket shear/vein system immediately down dip of prior drill holes which returned high grade gold intercepts. Due to difficult ground conditions and drill issues, neither hole reached its final target depth. Hole 2 stopped within the anticipated mineralized zone when the drill rods were stuck and unable to be retrieved. The next phase of diamond drilling will utilize larger core diameters and more aggressive "mud" mixtures which will enhance drill performance and core recoveries. The Yellowjacket occurrence is known to include individual, mineralized quartz veins, that are hosted within pre-existing structures, as well as zones of mineralized vein arrays. Listwanitic altered ultramafic rocks are consistently associated with the gold veins and vein arrays, with the gold most commonly hosted in gabbro, diabase, basalt and andesite (brittle, crackle fractured rocks) in fault contact with ultramafic rocks. Board Change • Oct 18
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. 1 highly experienced director. 2 independent directors (3 non-independent directors). Non-Executive Chair of the Board David Brett is the most experienced director on the board, commencing their role in 1995. Independent Director Bill Smith was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Oct 04
Pacific Bay Minerals Ltd., Annual General Meeting, Dec 02, 2022 Pacific Bay Minerals Ltd., Annual General Meeting, Dec 02, 2022. Announcement • Sep 08
Pacific Bay Minerals Ltd. Reports That Diamond Drilling Has Commenced At the Company's Atlin Goldfields Project Near the Town of Atlin in Northern British Columbia Pacific Bay Minerals Ltd. reported that diamond drilling has commenced at the Company's Atlin Goldfields Project ("the Property") near the town of Atlin in northern British Columbia. The Company has contracted Diamondhead Drilling to complete a series of drill holes targeting the Property's high grade Yellowjacket shear/vein system. Pacific Bay holds an option to acquire up to a 100% interest in the Property from Brixton Metals Corporation. The initial four drill holes proposed for the fall 2022 diamond drill program are aimed at confirming historical results and expanding upon the Yellowjacket mineralization. The Yellowjacket Zone consists of orogenic gold mineralization confined along the distinctive Pine Creek Fault system and is located immediately above the significant historic "Discovery" gold rush placer deposits. The Yellowjacket occurrence includes individual, mineralized quartz veins, that are hosted within pre-existing structures, as well as zones of mineralized vein arrays. Listwanitic altered ultramafic rocks are consistently associated with the gold veins and vein arrays, with the gold most commonly hosted in gabbro, diabase, basaltand andesite (brittle, crackle fractured rocks) in fault contact with ultramafic rocks. Free gold mineralization occurs as scatted coarse native gold grains associated with minor pyrite, chromite and mariposite (Morton, J., 2022; Technical Report on the Atlin GoldFields Project: Sedar/Pacific Bay Minerals Inc.). Yellowjacket has a BC Ministry of Mines Small Mine Permit (75,000 tonnes per year) in place with the operation currently under care and maintenance. Board Change • Sep 06
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Bill Smith was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 03
Pacific Bay Minerals Ltd. Appoints Linda Dandy to Technical Advisory Board Pacific Bay Minerals Ltd. announced that Linda Dandy, P.Geo., has joined the Company's Technical Advisory Board. Linda brings over 40 years of mining and exploration experience to Pacific Bay, most notably in orogenic gold deposits of the North American Cordillera. She has a solid understanding of the Atlin Goldfields Project after planning and supervising the majority of the exploration drilling and mine development work previously completed on the property. Linda has been working closely with management in preparing for an exciting exploration campaign. Board Change • Jul 26
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Bill Smith was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 04
Pacific Bay Minerals Ltd. Announces Demise of Guilford H. Brett, Director David H. Brett, President and CEO, Pacific Bay Minerals Ltd. is sad to report that his father and long-time director and former CEO of Pacific Bay Guilford H. Brett passed away peacefully in Vancouver on February 25th, 2022 at the age of 91. Board Change • Feb 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Bill Smith was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Bill Smith was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 15
Pacific Bay Minerals Ltd. announced that it expects to receive CAD 0.1 million in funding Pacific Bay Minerals Ltd. announced a non-brokered private placement of 833,334 flow-through units at a price of CAD 0.12 per unit for gross proceeds of CAD 100,000.08 on December 14, 2021. Each flow-through unit consists of one flow-through share and one warrant to purchase one additional non flow-through share at a price of CAD 0.12 per share for a period of 12 months. The company may pay finder’s fees on all or part of the Offering in accordance with the policies of the TSX Venture Exchange. Board Change • Dec 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Bill Smith was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Bill Smith was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 29
Bay Minerals Ltd. Provides Corporate Update and Announces Plans for the Remainder of 2021 Bay Minerals Ltd. provided an update on the Company's exploration strategy and program for its 100% owned Wheaton Creek Gold and Haskins-Reed polymetallic properties. The recommended exploration includes: Site visit by the VP Exploration & VP Operations; Airborne magnetic geophysics survey; Geochemical soil survey. Diamond drilling is expected to commence in June following an initial reconnaissance by Pacific Bay staff. Wheaton Creek Highlights: 3,019 hectares of mineral tenures 100% owned by the Company; 1986 drillhole 86-01 intercepted 5.38 grams per tonne of gold over 3.05 metres with visible gold; 5-year multi-year area based (MYAB) permit in good standing; Notice of work (NOW) application approved. Haskins-Reed: The Haskins-Reed Polymetallic Property remains a project of merit for the Company. Work is ongoing by the management team to compile data from the historical work conducted (including 200+ drill holes into multiple mineralized zones) in order to identify additional opportunities for shareholder value creation including additional exploration/development and/or joint-venture agreement. Haskins-Reed Highlights: 3,930 hectares of mineral tenures 100% owned by Pacific Bay Minerals; High-grade carbonate replacement deposit similar to Coeur's Silvertip mine. 2011 high grade intercept of 102.59 grams per tonne of silver over 13.95 metres Adjacent to Cassiar Gold's: Taurus (1M oz gold inferred resource); Table Mountain (past producing and permitted high grade gold mine). Additional fundraising and corporate development activities are planned for the third/fourth quarter of 2021 to meet the Company's growth objectives. Announcement • Feb 06
Pacific Bay Minerals Ltd. announced that it has received CAD 0.40219 million in funding On February 5, 2021, Pacific Bay Minerals Ltd. (TSXV:PBM) closed the transaction. The company issued 286,000 units and raised CAD 35,750 in its final tranche. The company raised CAD 402,190 in the transaction. The units issued under this final tranche will be subject to a four month hold period expiring June 6, 2021. No finder’s fees were paid with respect to the closing. Announcement • Dec 02
Pacific Bay Minerals Ltd. Approves Election of Antonio Vespa as Director Pacific Bay Minerals Ltd. reported that shareholders passed all resolutions put before the company's annual general meeting held November 27, 2020, including the election of new director Antonio Vespa, the Company's current VP of Operations. Announcement • Sep 26
Pacific Bay Minerals Ltd. announced that it expects to receive CAD 0.625 million in funding Pacific Bay Minerals Ltd. (TSXV:PBM) announced a non-brokered private placement of 1,500,000 non-flow-through units at a price of CAD 0.15 per units for gross proceeds of CAD 225,000 and 2,000,000 flow-through units at a price of CAD 0.20 per unit for gross proceeds of CAD 400,000; for aggregate proceeds of CAD 625,000 on September 24, 2020. . Each non-flow-through unit consists of one common share and one full warrant to purchase one additional common share at a price of CAD 0.20 per share for a period of one year. Each flow-through unit consists of one common share and one full warrant to purchase one additional common share at a price of CAD 0.25 per share for a period of one year. The company plans to pay finders fees on all or part of the transaction. The transaction is subject to TSX Venture Exchange approval. Announcement • Aug 14
TSXV Identifies Pacific Bay Minerals Not in Compliance with Continuing Listing Requirements In the course of its review of Pacific Bay Minerals Ltd. (TSXV:PBM)’s compliance with continuing listing requirements, the TSX Venture identified that the Company does not have an adequate number of independent board members. One member of the Company’s three person board is independent, and the Company has 90 days to add one or more independent directors to its board. 