Pacific Bay Minerals Ltd. (TSXV:PBM) announced a private placement for gross proceeds of CAD 500,000 comprising of 2,000,000 flow through units at CAD 0.15 per unit for gross proceeds of CAD 300,000 and 2,000,000 non-flow through units at CAD 0.10 per unit for gross proceeds of CAD 200,000 on September 14, 2018. Each flow through unit consists of one common share and one full warrant to purchase one additional common share at a price of CAD 0.25 per share for a period of one year. Each non-flow through unit consists of one common share and one full warrant to purchase one additional common share at a price of CAD 0.20 per share for a period of one year. The Company plans to pay finders fees on all or part of the Transaction. The transaction is subject to TSX Venture Exchange approval.