2013-04-02 11:38 ET - News Release
Mr. Darren Townsend reports
PACIFIC WILDCAT: CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
Pacific Wildcat Resources Corp. has closed the first tranche of its non-brokered private placement (see news release dated March 19, 2013). Tranche one of the financing included the issuance of 8,333,333 units at a purchase price of six cents for gross proceeds of $500,000. Each unit comprises one common share in the capital of the company and one-half of one non-transferable common share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one additional common share of the company at an exercise price of 10 cents per warrant share for a period of 12 months from the closing date of the private placement.
In accordance with the Canadian securities legislation currently in effect, the securities issued pursuant to the financing will have a restricted hold period in Canada expiring on Aug. 2, 2013.
We seek Safe Harbor.