Pacific North West Capital Corp fka PFN

[futrcash]

Stock's a bargain @ this level.
Easy double from here within a year if not sooner.
imo

Their PP a month ago was @ .50!


March 31, 2008 - 3:14 PM EDT

Pacific North West Capital Closes $3,350,000 Private Placement
VANCOUVER, March 31 /PRNewswire-FirstCall/ - Pacific North West Capital Corp. (TSX: PFN, OTCBB: PAWEF, Frankfurt: P7J) (the 'Company') announces that further to its news release dated March 17, 2008, the Company is pleased to announce that it has completed its non-brokered private placement and has issued 6,000,000 flow-through units at a price of $0.50 per unit for gross proceeds of $3,000,000. Each unit consisted of one flow-through common share in the capital of the Company and one-half of one non-transferable, non flow-through share purchase warrant. Each whole Warrant entitles the holder to purchase one additional non flow-through common share for a period of twelve months from the closing date at a price of $0.60 per warrant share.

In addition, the Company has also issued 700,000 units to Stillwater Mining Company at a purchase price of $0.50 per unit for gross proceeds of $350,000. Each unit consisted of one common share in the capital of the Company and one-half of one non-transferable share purchase warrant. Each whole Warrant entitles the holder to purchase one additional common share for a period of twelve months from the closing date at a price of $0.60 per warrant share.

The proceeds of the private placement received from the sale of the flow-through shares will be used for drilling and exploration on the Company's PGM and Nickel projects in Canada.

In connection with this closing, the Company has paid an aggregate of $75,000 and has issued 210,000 common shares and 300,000 share purchase warrants as a finder's fee. Each whole warrant entitles the holder to purchase one additional common share for a period of twelve months from the date of closing at a price of $0.60 per warrant share.

In compliance with Canadian securities law, all of the securities issued in connection with this private placement are subject to a hold period which will expire August 1, 2008.

About Pacific North West Capital Corp.

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