/NOT FOR DISTRIBUTION TO A US NEWSWIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES./
VANCOUVER, May 5, 2014 /CNW/ - Pacific Topaz Resources Ltd. (TSXV: PPZ.H) ("Pacific Topaz" or the "Company") announces a non-brokered private placement of up to 4,000,000 units at a price of $0.07 per unit for gross proceeds of up to $280,000.
Each unit will consist of one common share and one full common share purchase warrant. Each whole common share purchase warrant is exercisable at $0.10 per common share for a period of 1 year from closing.
Proceeds will be used for general working capital and for continuing to research opportunities in the natural resources sector.
ON BEHALF OF THE BOARD OF DIRECTORS
OF PACIFIC TOPAZ RESOURCES LTD.
President & CEO
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE: Pacific Topaz Resources Ltd.
For further information: Michael Kennedy, President & CEO, Tel: (604) 609-6110