Toronto, Ontario--(Newsfile Corp. - July 18, 2012) - Pacific Comox Resources Ltd. (TSX-V: PCM) reports the Company is proposing to raise C$100,000 in a non-brokered financing through a number of private placements. The proposed financing is in the form of units priced at $0.05/unit consisting of one common share and one non-transferable common share purchase warrant. Each warrant is exercisable for one common share at C$0.10 for two years from closing. The securities will be subject to a four month hold period from the date of closing. No finder’s fees are applicable.
The funds raised will be used to advance the gold/silver test heap leach project at the Mabel project in northern Sonora State, Mexico, and general corporate purposes.
The financing is subject to regulatory approval.
Donald Empey
President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For further information please contact Donald Empey at tel: 416 977 4653, fax: 416 977 8335 or email at dempey@pacificcomox.com prapagna@cogeco.ca or visit Pacific Comox’s website at www.pacificcomox.com.
Source: Pacific Comox Resources Ltd.