Pacific Ridge Announces Brokered Private Placement for Gross Proceeds of up to C$4 Million

Core Viewpoint - Pacific Ridge Exploration Ltd. has announced a private placement agreement with Red Cloud Securities Inc. to raise up to C$4,000,000 through the sale of Units and Flow-Through Units for exploration and working capital purposes [1][4]. Offering Details - The Offering will consist of Units priced at C$0.20 and Flow-Through Units priced at C$0.23, with gross proceeds expected to be C$3,000,000 and C$1,000,000 respectively [8]. - Each Unit includes one common share and one common share purchase warrant, while each Flow-Through Unit consists of one flow-through share and one warrant [1][2]. Use of Proceeds - The net proceeds from the Offering will be allocated for continued drilling at the RDP copper-gold project and a restart of drilling at the Kliyul copper-gold project, along with general working capital [4]. Regulatory Compliance - The Offering will comply with applicable regulatory requirements and will be offered to purchasers in specific Canadian provinces, with potential offerings in the U.S. under certain exemptions [6][11]. Closing Date - The Offering is anticipated to close on or about August 29, 2025, subject to necessary regulatory approvals [10]. Company Background - Pacific Ridge aims to become a leading copper exploration company in British Columbia, with key projects including Kliyul and RDP, among others [12].