Prospect Ridge Announces Closing of Flow-Through Share Private Placement

Executive Summary

• Prospect Ridge Resources Corp. closed a non‑brokered flow‑through private placement of 5,000,000 FT shares for gross proceeds of $450,000.
• The company paid $31,500 in cash finder fees and issued 350,000 warrants (exercise price $0.15) as additional consideration.
• Proceeds will be used to fund 2026 drill programs at the Excalibur, Castle and Camelot projects in British Columbia.

Key Details

• Placement Size: 5,000,000 flow‑through shares at $0.09 per share → Gross proceeds: $450,000.
• Investor: A Canadian flow‑through fund (long‑time supporter).
• Finder Compensation: $31,500 cash plus 350,000 warrants to purchase common shares at $0.15 each; warrants expire two years after closing, with accelerated expiry if the share price ≥ $0.25 for ten consecutive trading days on the CSE.
• Statutory Hold Period: All securities subject to a hold period expiring July 19 2026.
• Use of Proceeds: Allocate to eligible Canadian exploration expenses and flow‑through critical mineral mining expenditures for 2026 drilling at Excalibur, Castle, and Camelot projects.
• Regulatory Notice: Securities not registered under the U.S. Securities Act; offering not available to U.S. persons absent exemption.

Notable Quotes

(No direct quotes provided in the release.)