Message #3 From:
NewsBot Date: February 28, 2008 06:57:48 PM
Pacific Rim Financing Increased to 6,711,000 Units
Investor interest in Pacific Rim Mining Corp.'s ("Pacific Rim" or "the
Company") (TSX: PMU)(AMEX: PMU) recently announced non-brokered private
placement financing has been strong. As a result, the Company has
increased the financing from an aggregate of 4,800,000 Units to an
aggregate of up to 6,711,000 Units. All other terms of the private
placement financing remain the same and are available in the Company's
news release of February 6, 2008 (NR# 08-03).
About Pacific Rim Mining Corp.
Pacific Rim is a growth-oriented, revenue-generating,
environmentally and socially responsible gold exploration company with
operations in North America and exploration assets in Central and South
America. The Company is expanding and developing its advanced-stage,
high grade El Dorado gold project in El Salvador and is actively
exploring a pipeline of grassroots gold projects. Pacific Rim's goal is
to become a low cost, intermediate level gold producer. The Company's
shares trade under the symbol PMU on both the Toronto Stock Exchange
("TSX") and the American Stock Exchange ("AMEX").
On behalf of the board of directors,
Thomas C. Shrake, President and CEO
Cautionary Note Regarding Forward-Looking Information
Information set forth in this document may involve forward-looking
statements. By their nature, forward-looking statements are subject to
numerous risks and uncertainties, some of which are beyond Pacific
Rim's control, including: the completion of the financing as set forth
with respect to the terms, the time frame, and amount to be raised; and
the receipt of all necessary regulatory approvals. Readers are
cautioned that the assumptions used in the preparation of such
information, although considered reasonable at the time of preparation,
may prove to be imprecise and, as such, undue reliance should not be
placed on forward-looking statements. Pacific Rim's actual results,
programs and financial position could differ materially from those
expressed in or implied by these forward-looking statements.
The Units, including the common stock, warrants and shares
underlying the warrants, offered are not currently qualified by
prospectus or registered under the U.S. Securities Act of 1933, as
amended (the "Securities Act"), or the laws of any state, and may not
be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements. The securities
are subject to resale restrictions under applicable securities laws.
The TSX and the AMEX have neither reviewed nor accept responsibility for the adequacy or accuracy of this release.
