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Pacific North West Capital Corp. Proceeds with Non-Brokered Private Placement
Published : November 29, 2012
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Keywords :   Canada | Copper | Nickel | Platinum |

Pacific North West Capital Corp. Proceeds with Non-Brokered Private Placement

TSX: PFN  OTCQX: PAWEF  Frankfurt: P7J

VANCOUVER, Nov. 29, 2012 /CNW/ - Pacific North West Capital Corp. (TSX: PFN; OTCQX: PAWEF; Frankfurt: P7J) (the "Company") announces it is proceeding with its non-brokered flow-through and non flow-through private placement of up to a combined 15,714,285 units for gross proceeds of up to $1,100,000 as announced October 12, 2012.

The proceeds from the private placement received from the sale of the units will be used for the further development and exploration of the River Valley PGM Project and exploration of two large adjacent properties, all located in the Sudbury region of Ontario. The proceeds from the sale of NFT Units will be used as working capital and for the additional projects that the Company currently holds in its portfolio situated in Ontario and Alaska, and for the evaluation and potential acquisition of additional platinum group metals and precious metal projects in Canada and the United States.  Finder's fees may be paid in connection with this private placement.  The foregoing is subject to regulatory approval.

About Pacific North West Capital Corp.

PFN is a mineral exploration company whose philosophy is to be a project generator, explorer and project operator in order to option/joint venture its projects through to production. PFN is focused on the discovery, exploration and development of PGM and nickel‐copper sulphide deposits in geologically prospective regions in North America, particularly Canada. The Company's key asset is its 100% owned River Valley PGM Project in the Sudbury region of northern Ontario. River Valley is one of the largest undeveloped primary PGM projects in North America.  PFN also has PGM and nickel‐copper projects in northwest Ontario, Saskatchewan, and Alaska. The Company continues to evaluate PGM and nickel‐copper properties and projects in North America for potential acquisition opportunities.

Pacific North West Capital Corp. is an International Metals Group Company. (www.internationalmetalsgroup.com)

On behalf of the Board of Directors

(signed)

Harry Barr
Chairman and CEO

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.

SOURCE: Pacific North West Capital Corp.

For further information:

Tel: +1.604.685.1870  Fax: +1.604.685.8045
Email:  info@pfncapital.com, or visit www.pfncapital.com 
Suite 650 - 555 West 12th Ave., Vancouver, B.C., Canada, V5Z 3X7

Companies Mentionned : Metals X | Platinum Group Metals |
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Pacific North West Capital Corp.

EXPLORATION STAGE
CODE : PFN.TO
ISIN : CA6949161070
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Pacific NorthWest is based in Canada.

Pacific NorthWest holds various exploration projects in Canada.

Its main exploration properties are NIXON FORK in USA and GLITTER LAKE, RAGLAN HILLS, RIVER VALLEY, COLDWELL, SWAYZE, ROCK & ROLL, NICKEL PLATS and DESTINY GOLD in Canada.

Pacific NorthWest is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.6 millions as of today (US$ 1.4 millions, € 1.1 millions).

Its stock quote reached its highest recent level on December 31, 2003 at CA$ 1.40, and its lowest recent point on January 13, 2014 at CA$ 0.02.

Pacific NorthWest has 104 047 000 shares outstanding.

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Corporate Presentations of Pacific North West Capital Corp.
2/25/2008-"Harry Barr Puts Pacific North West Capital At The Forefron...
Annual reports of Pacific North West Capital Corp.
2007 Annual Report
Financings of Pacific North West Capital Corp.
2/27/2013Announces Non-Brokered Private Placement
11/29/2012Proceeds with Non-Brokered Private Placement
10/14/2011Announces $2,700,000 Non-Brokered Private Placement
2/22/2011$3,000,000 Non-Brokered Private Placement
3/31/2008Closes $3,350,000 Private Placement
Nominations of Pacific North West Capital Corp.
9/7/2011Appoints New President & COO
2/23/2009Appoints John Londry to Board of Directors
11/18/2008John Londry, Vice President Exploration, Retires, Pacific No...
Project news of Pacific North West Capital Corp.
4/10/2013(River Valley)Reports Positive Platinum Metal Concentration Results for Ri...
11/6/2012(River Valley)Advancing PFN's 100% owned River Valley PGM deposit near Sud...
10/12/2012(River Valley)on Metallurgical Studies for River Valley PGM Project ne...
6/19/2012(River Valley)Announces a New Platinum Group Metal Zone on its River Valle...
6/15/2012(River Valley)Announces SEDAR Filing of NI 43-101 Mineral Resource Estimat...
5/1/2012North West Capital Announces 2.5 million ounces PGM+Gold Mea...
12/13/2011Stakes 220 square kilometres 10 km north of Lac des Iles Min...
12/8/2011(River Valley)Commences 2200 Metres Exploration Drill Program at River Val...
5/20/2011(River Valley)Announces 1.3 gt (0.04 opt), 3E* over 65m (213.3 feet) at th...
9/28/2010(Rock & Roll)Commences Exploration Program on the Rock & Roll Polymetalli...
12/9/2009(Destiny Gold)Intersects High Grade Gold
10/15/2009(Destiny Gold)Commences Drilling on the Destiny Gold Project
8/5/2009(Raglan Hills)and First Nickel Announce New PGM Zone on Raglan Hills Joint...
6/29/2009(Nixon Fork)grants option to Fire River Gold on Nixon Fork Gold Mine, Al...
3/26/2009(Glitter Lake)acquires 100% ownership of Glitter Lake PGM Project, Quebec
3/11/2009(Pgm A)Commences Drilling on the Fiedmont PGM Property, Quebec
11/26/2008(Chénéville)& SOQUEM Announce Completion of Drilling at the Ch=E9n=E9vil...
9/15/2008(West Timmins Project)Completes Deep Penetrating UTEM 3 Geophysical Survey Over We...
8/25/2008(Raglan Hills) Initiate Surface Mapping and Sampling Program on the Raglan...
6/26/2008(Raglan Hills)First Nickel Complete Airborne Geophysical Survey on Raglan ...
6/3/2008(Goodnews) Commence $1,000,000 Drill Program - Goodnews Platinum Proje...
5/5/2008(Pfn Davis-kelly)Ni-Cu-PGE Mineralization Discovered on PFN's Tonsina Propert...
4/1/2008(West Timmins Project)A Deep Penetrating UTEM Geophysical Program is Underway over...
3/11/2008(Coldwell)Pacific North West Capital Acquires New PGM Project in the C...
Corporate news of Pacific North West Capital Corp.
1/9/2014Announces Voluntary TSX Delisting, TSX Venture Listing and 3...
10/24/2013Platinum Group Metals Update
7/25/2013Announces First Tranche Closing
11/2/2012letter
9/10/2012Announces Results of AGM and Change of Director
3/20/2012(River Valley)Announces High Grade PGM Results at Depth in Dana South Zone...
2/21/2012(River Valley)Completed the First Component of the Environmental Baselines...
1/10/2012(River Valley)Announces Additional High Grade PGM Results for its River Va...
1/9/2012Launches Online Investor Relations and Social Media Program ...
10/27/2011(River Valley)Continues to Intersect High Grade Platinum Group Metal Miner...
10/13/2011(River Valley)Excellent Drill Results Continue at Pacific North West Capit...
9/26/2011(Destiny Gold)Receives Commencement Notice From Next Gen Metals Inc. f...
8/4/2011Reports Significant Rhodium Concentrations of Up To 0.17...
4/27/2011(Rock & Roll)New NI43-101 Resource on the Rock & Roll Gold-Silver-Polymet...
4/16/2011An Interview of Harry Barr, President of Pacific North West ...
9/1/2009Acquires Option on Destiny Gold Project, Québec
8/19/2009Option to Acquire 100% of Rock & Roll Property, British Colu...
12/22/2008President's Message
12/18/2008Announces Option to Acquire The Nixon Fork Gold Mine in Cent...
12/16/2008Options Fiedmont Platinum Group Metals (PGM) Property
11/27/2008Visit Pacific North West Capital at the 2008 Hard Assets Inv...
11/19/2008and Benton Resources Corp. Announce Drill Results from the S...
9/30/2008and Benton Resources Commence Drill Program on Heenan Proper...
9/8/2008 Thunder Target Update
9/3/2008"Major producer teams up with junior to explore Southwest Al...
7/3/2008Benton Resources Complete Helicopter-borne Magnetic and VTEM...
4/18/2008 Completes VTEM Geophysical Survey Over Nickel Plats Project...
4/7/2008 to Attend European Gold Forum
2/27/2008 & SOQUEM Agree to Phase III PGM Budget
5/16/2007Corp. (PFN.TSX) joins Golden Chalice Resources (GCR.TSX-V) i...
5/14/2007/ SOQUEM Acquires First Round of Platinum Group Metals Prope...
5/11/2007/ Xstrata Nickel commence drilling at West Timmins Nickel Pr...
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