Pacific Imperial Mines Inc. has proposed a 10-for-1 share consolidation alongside a non-brokered private placement aiming to raise up to $4 million in gross proceeds, with both transactions remaining subject to approval from the TSX Venture Exchange.

The proposed share consolidation will combine every ten pre-consolidation common shares into one post-consolidation common share. Assuming the issuance of 9,953,772 pre-consolidation common shares pursuant to a previously announced debt settlement, the company's issued and outstanding common shares will decrease from 82,760,374 to approximately 9,271,414 prior to the financing, subject to rounding. Proportionate adjustments will also apply to outstanding stock options and warrants, and no fractional shares will be issued.

Concurrently, Pacific Imperial plans to offer up to 33,333,333 flow-through units at $0.075 per unit to raise up to $2.5 million, alongside up to 20,000,000 non-flow-through units at the same price to generate up to $1.5 million. Each unit consists of one common share and one transferable warrant, with each warrant exercisable at $0.10 per share for five years from issuance. No finder fees will be paid for the financing.

Gross proceeds from the private placement are earmarked for general working capital and ongoing work at the Babine and Fenton mineral properties in British Columbia. Pacific Imperial entered into option agreements in December 2025 and January 2026 to acquire 100% interests in the Babine copper property and the Fenton property from Hudbay Minerals Inc., respectively.

Funds raised specifically from the flow-through shares will cover qualifying Canadian exploration expenses. Securities issued under the private placement will carry a four-month hold period from their closing date.

Read the full announcement: Pacific Imperial Announces Consolidation and Non-Brokered Private Placement