pacific comox resources ltd (WMZ) Snapshot

Pacific Comox Resources Ltd. announced CAD 375,000 non-brokered private placement of secured, non-convertible, promissory notes. The funds raised will be used to advance the Company's test of its gold/silver heap leach at the Mabel project in northern Sonora State, Mexico, and general corporate purposes. The financing is subject to regulatory approval. The notes mature on June 30, 2016 and are secured by a pledge of the Company's Mexican properties. In lieu of interest, Comox will, for each CAD 100,000 invested, make a quarterly payment equal to 1.60% of the cash value of gold and silver recovered from a test sampling of the Company's Mabel property in Mexico less a charge of CAD 300 per gold equivalent ounce recovered. The cash payments will commence following the first calendar quarter of 2013 and be made within 60 days of that first quarter and within 30 days of the end of each quarter thereafter. No finder's fees are payable in connection with the financing.

Pacific Comox Resources Ltd., Annual General Meeting, Dec 13, 2012., at 10:00 Eastern Standard Time. Location: Suite 2300. Agenda: To receive and consider the report of the Directors; to receive and consider the financial statements of the company for the year ended October 31, 2011 together with the auditor's report thereon; to set the number of directors for the ensuing year at four; to elect directors for the ensuing year; to appoint an auditor for the ensuing year and authorize the Board of Directors to approve the remuneration to be paid to the auditor; to ratify and approve the company's Stock Option Plan; and to transact such other business as may properly come before the meeting.

Pacific Comox Resources Ltd. reported that Cesar Lemas, the company's Manager of operations in Mexico, and Vice-President of Development, has been appointed to the Board of Directors.