PACIFIC RIM CLOSES PRIVATE PLACEMENT FINANCING
Pacific Rim Mining Corp. (“Pacific Rim” or “the Company”) is pleased to announce that it has closed its
previously announced private placement financing. A total of CDN $7,046,550 was raised through the issuance
of 6,711,000 units (“Units”), consisting of one common share (a “Share”) and one share purchase warrant
(“Warrant”), with each Warrant exercisable into one Share for a period of 18 months at an exercise price of
$1.35. Further details of the terms of the financing are available in the Company’s news releases # 08-03 and
08-04 dated February 6 and February 19, 2008 respectively.
The Company has also issued 350,350 warrants (“Finder’s Warrants”) and paid an aggregate of $367,867.50 in
cash to certain finders in connection with the private placement. Each Finder’s Warrant is exercisable into one
Share for a period of 18 months at an exercise price of $1.11.
The Shares, Warrants, Finder’s Warrants are subject to a four-month hold period as required under applicable
Canadian securities law, expiring June 30, 2008. The common shares underlying the Warrants and Finder’s
Warrants will also be subject to a hold period expiring June 30, 2008 if the Warrants and Finder’s Warrants, as
applicable, are exercised prior to that date.
The proceeds of the financing will be used to fund the Company’s El Dorado and Santa Rita work programs,
which the Company intends to accelerate upon the passing in El Salvador of new mining legislation that is
expected in the coming months, and for general corporate purposes.
The Shares, Warrants, shares underlying the Warrants, and the Finder’s Warrants 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