# Pacific Empire Minerals options Pinnacle copper-gold project to 1111 Acquisition Corp

Pacific Empire Minerals Corp has signed a binding agreement granting 1111 Acquisition Corp an exclusive option to earn up to a 70% interest in the Pinnacle copper-gold project in British Columbia, by spending C$5.7 million on exploration and paying C$375,000 in cash and 3.5 million shares.

- Type: Acquisition
- Announced: 2020-12-21
- Where: north-central British Columbia, Canada
- Value: $293K (375K CAD)
- Status: announced
- Products: copper-gold project
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Pacific Empire Minerals Corp](https://endata.com/companies/52057.md)
- [1111 Acquisition Corp](https://endata.com/companies/52058.md) (acquirer)

## Sources

- [proactiveinvestors.com](https://www.proactiveinvestors.com/companies/news/937097/pacific-empire-minerals-options-pinnacle-copper-gold-project-in-british-columbia-to-1111-acquisition-corp-937097.html), 2020-12-21: "We are excited to have a very strong technical team advancing the Pinnacle property during a period of resurgent copper prices and increasing activity in this area."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.