American Pacific Mining Corp. (CNSX:USGD) announced a non-brokered private placement of 10,000,000 units at a price of CAD 0.10 for gross proceeds of CAD 1,000,000 on January 25, 2019. Each unit will consist of one common share of the company and one-half of a warrant. Each whole warrant will entitle the holder to purchase one additional common share of the company at an exercise price of CAD 0.20 for a period of 12 months from the closing, subject to earlier expiry of the exercise period if, at any time after four months from closing, the closing price of the shares is greater than CAD 0.25 for five or more consecutive trading days. The company may pay a finder's fees of 7% cash and 7% warrants may be paid in compliance with exchange and applicable securities law. The securities issued in the transaction will be subject to a four month hold period under applicable provincial securities laws in Canada.