Pacific Imperial Mines Cancels Private Placement Over Repricing Requirement

Pacific Imperial Mines canceled its proposed private placement of flow-through units and non-flow-through units on October 16, 2026. The offering, announced September 9, 2026, required repricing following a TSX Venture Exchange review completed October 15, 2026. The exchange determined the consolidation-adjusted $0.10 closing price used to set the $0.075 issue price did not fairly reflect market value. Repricing would cause committed subscribers to withdraw. The company will reassess its options. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pacific Imperial Mines Inc. published the original content used to generate this news brief on October 16, 2026, and is solely responsible for the information contained therein. (C)