(TheNewswire)
Vancouver - TheNewswire- November 5, 2020 - PACIFIC IMPERIAL MINES INC. (the " Company ") (TSX V :PPM) has Board approval to grant thenewly appointed Director of the Company 500,000 stock options at $0.05per share for a period of 5 years subject to the approval of the TSXVenture Exchange. pleased to announce the appointment of Peter Holbek,P.Geo., as Director of the Company effective immediately.
ON BEHALF OF THE BOARD
s/ "Chris McLeod "
Chris McLeod, President
For further information pleasecontact:
Roman Shklanka, Chairman, at 604-649-6195,
or
Chris McLeod, President, at 604-669-6332
Email: investor@pacificimperialmines.com
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release. No stock exchange, securitiescommission or other regulatory authority has approved or disapprovedthe information contained herein.
Forward-Looking InformationCautionary Statement
This news release containsforward-looking statements relating to the timing and completion ofthe Transaction, the future operations of the Corporation and otherstatements that are not historical facts. Forward-looking statementsare often identified by terms such as "will","may", "should", "anticipate","expects" and similar expressions. All statements other thanstatements of historical fact, included in this release, including,without limitation, statements regarding the Transaction and thefuture plans and objectives of the Corporation, are forward-lookingstatements that involve risks and uncertainties. There can be noassurance that such statements will prove to be accurate and actualresults and future events could differ materially from thoseanticipated in such statements. Important factors that could causeactual results to differ materially from the Corporation'sexpectations include the failure to satisfy the conditions tocompletion of the Transaction set forth above and other risks detailedfrom time to time in the filings made by the Corporation withsecurities regulations.
The reader is cautioned thatassumptions used in the preparation of any forward-looking informationmay prove to be incorrect. Events or circumstances may cause actualresults to differ materially from those predicted, as a result ofnumerous known and unknown risks, uncertainties, and other factors,many of which are beyond the control of the Corporation. As a result,the Corporation cannot guarantee that the Transaction will becompleted on the terms and within the time disclosed herein or at all. The reader is cautioned not to place undue reliance on anyforward-looking information. Such information, although consideredreasonable by management at the time of preparation, may prove to beincorrect and actual results may differ materially from thoseanticipated. Forward-looking statements contained in this news releaseare expressly qualified by this cautionary statement. Theforward-looking statements contained in this news release are made asof the date of this news release and the Corporation will update orrevise publicly any of the included forward-looking statements asexpressly required by Canadian securities law.
In the case of PFI, this newsrelease includes certain "forward-looking statements" whichare particular to PFI and are not comprised of historical facts.Forward-looking statements include estimates and statements thatdescribe PFI's future plans, objectives or goals, including words tothe effect that PFI or its management expects a stated condition orresult to occur. Forward-looking statements may be identified by suchterms as "believes", "anticipates","expects", "estimates", "may","could", "would", "will", or"plan". Since forward-looking statements are based onassumptions and address future events and conditions, by their verynature they involve inherent risks and uncertainties. Although thesestatements are based on information currently available to PFI, PFIprovides no assurance that actual results will meet management'sexpectations. Risks, uncertainties and other factors involved withforward-looking information could cause actual events, results,performance, prospects and opportunities to differ materially fromthose expressed or implied by such forward-looking information.Forward looking information in this news release includes, but is notlimited to, PFI's objectives, goals or future plans, statements, itsprojected revenues and earnings, and anticipated future growth in new markets. Factors that couldcause actual results to differ materially from such forward-lookinginformation include, but are not limited to, the ability of the PFI tosuccessfully implement its development strategy and whether this willyield the expected benefits; competitive factors in PFI's industrysector; the success or failure of product development programs;currently existing applicable laws and regulations or futureapplicable laws and regulations that may affect PFI' s business;decisions of regulatory authorities and the timing thereof; Covid-19related risks, availability of properties; the economic circumstancessurrounding PFI's business, including general economic conditions inCanada, the US and worldwide; changes in exchange rates; changes inthe equity market; inflation; uncertainties relating to theavailability and costs of financing needed in the future; and thoseother risks to be disclosedin the filing statement or other disclosure document to be prepared inconnection with the Transaction . Although PFI believes that the assumptions and factors used inpreparing the forward-looking information in this news release arereasonable, undue reliance should not be placed on such information,which only applies as of the date of this news release, and noassurance can be given that such events will occur in the disclosedtime frames or at all. PFI disclaims any intention or obligation toupdate or revise any forward-looking information, whether as a resultof new information, future events or otherwise, other than as requiredby law.
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