Proceeds of $87,143 from warrant exercises were used to reduce accounts payable, while 3.78M warrants expired unexercised.
Pacific Bay Minerals (PBMFF) raised approximately $87,143 by issuing 1.09 million common shares at $0.08 each after warrant exercises. The funds were allocated to reduce the company’s outstanding accounts payable ahead of the warrants’ May 13, 2026 expiration date.
An additional 3.78 million warrants at the same strike price expired unexercised on the same date. The company had previously announced the warrants’ terms and their impending expiry, with no prior public guidance on expected uptake.
Leanora Brett, currently serving as corporate secretary, was appointed interim CFO following Philip Ellard’s departure from the role after a tenure beginning in February 2025.