Pacific Ridge arranges $4-million private placement

Executive Summary

• Pacific Ridge Exploration Ltd. announced a best‑effort private placement targeting up to C$4 million in gross proceeds.
• The offering consists of up to 15 million units at C$0.20 per unit and up to 4,347,826 flow‑through (FT) units at C$0.23 per FT unit, each accompanied by a common share purchase warrant.
• Net proceeds are earmarked for continued drilling at the RDP copper‑gold project, restart of drilling at the Kliyul copper‑gold project in British Columbia, and general working capital.

Key Details

• Units Offered: Up to 15 million units @ C$0.20/unit → up to C$3 M gross proceeds.
• Flow‑Through Units: Up to 4,347,826 FT units @ C$0.23/FT unit → up to C$1 M gross proceeds.
• Warrant Terms: Each warrant allows purchase of one common share at C$0.28, exercisable from 61 days after closing until 36 months post‑closing.
• Agent Option: Red Cloud Securities Inc. may exercise an option (up to 48 hours before closing) to raise an additional C$1 M by selling up to 4,196,734 units/FT units at the same pricing.
• Use of Proceeds:
• Continued drilling at the RDP copper‑gold project.
• Restart drilling at the Kliyul copper‑gold project.
• General working capital and corporate purposes.
• Regulatory Framework: Offering relies on National Instrument 45‑106 (listed issuer financing exemption) for Canadian investors in BC, AB, MB, SK, ON; also available to U.S. accredited investors under applicable exemptions.
• FT Unit Restrictions: Subject to a restriction period ending four months plus one day after the closing date.
• Closing Timeline: Anticipated on or about August 29, 2025, subject to regulatory approvals (including TSX Venture Exchange).

Notable Quotes

(No executive quotes were provided in the release.)