- Pacific Ridge Exploration (PEX) has announced a brokered private placement for gross proceeds of up to $6,398,000
- The company will issue 16 million charity flow-through units and 5 million common share units
- The offering is expected to close on or about April 19, 2022
- Proceeds will be used for the planned 5,000-metre diamond drill program at Pacific Ridge’s flagship Kliyul copper-gold project in northwest British Columbia
- Pacific Ridge Exploration Ltd is an exploration stage company focused on acquiring and exploring mineral properties in Canada and the United States
- Pacific Ridge Exploration Ltd. (PEX) is unchanged on the day, trading at C$0.275 per share at 12:20 pm ET
Pacific Ridge Exploration (PEX) has announced a brokered private placement for gross proceeds of up to $6,398,000.
The company will issue 16 million charity flow-through units and 5 million common share units.
Charity flow-through units will include one flow-through common share and one-half of one common share purchase warrant. The common share units will consist of one non-flow-through common share and one-half of one warrant. Each warrant will be exercisable to purchase one additional non-flow-through common share at an exercise price of $0.35 for a period of 24 months.
Pacific Ridge will grant the agents an over-allotment option. Pacific Ridge has agreed to pay a six per cent cash commission and compensation warrants.
Proceeds will be used for the planned 5,000-metre diamond drill program at Pacific Ridge’s flagship Kliyul copper-gold project in northwest British Columbia and for general working capital.
The offering is expected to close on or about April 19, 2022.
Pacific Ridge Exploration Ltd is an exploration stage company focused on acquiring and exploring mineral properties in Canada and the United States.
Pacific Ridge Exploration Ltd. (PEX) is unchanged on the day, trading at C$0.275 per share at 12:20 pm ET.