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Pacific Ridge Closes Final Tranche of Brokered Financing; Raised Aggregate Gross Proceeds of C$4.65 Million
Newsfile· 2025-09-26 16:26
Vancouver, British Columbia--(Newsfile Corp. - September 26, 2025) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQW) ("Pacific Ridge" or the "Company") is pleased to announce that it has closed the second and final tranche (the "Final Tranche") of its previously announced "best efforts" private placement (the "Offering") for gross proceeds of C$1,958,426.62 from the sale of (i) 7,806,734 units of the Company (the "Units") at a price of C$0.20 per Unit and (ii) 1,726,434 flow-through un ...
Pacific Ridge Announces Investor Relations Agreement
Newsfile· 2025-09-15 11:00
Group 1 - Pacific Ridge Exploration Ltd. has entered into an agreement with Triomphe Holdings Ltd. for investor relations and communications services, effective September 15, 2025 [1][2] - The agreement has an initial term of six months, with a total payment of CAD$120,000, and an option to renew for an additional six months at a reduced rate [2] - The company will also grant 100,000 incentive stock options to Capital Analytica at a later date, subject to TSX Venture Exchange approval [2] Group 2 - Pacific Ridge aims to become British Columbia's leading copper exploration company, with its flagship project being the Kliyul copper-gold project [3] - The company has a diverse project portfolio that includes the RDP, Chuchi, Onjo, and Redton copper-gold projects, all located in British Columbia [3] - The projects are situated in the traditional territories of several Indigenous nations, including the Gitxsan Nation and Nak'azdli Whut'en [3]
Pacific Ridge Closes First Tranche of Brokered Private Placement for Gross Proceeds of C$2.7 Million
Newsfile· 2025-09-05 20:31
Core Points - Pacific Ridge Exploration Ltd. has closed the first tranche of its private placement, raising gross proceeds of C$2,692,920 from the sale of 11,390,000 units at C$0.20 per unit and 1,804,000 flow-through units at C$0.23 per unit [1][9] - The company plans to use the net proceeds for exploration of its Kliyul and RDP copper-gold projects in British Columbia, as well as for general working capital [3] - The offering includes common shares and warrants, with each warrant allowing the purchase of one common share at C$0.28 from November 5, 2025, to September 5, 2028 [2] Financial Details - The total gross proceeds from the sale of flow-through shares will be used for Canadian exploration expenses and flow-through mining expenditures, with an effective date for renouncement not later than December 31, 2025 [4] - Red Cloud Securities Inc. acted as the sole agent and bookrunner for the offering, receiving cash fees of C$132,596.40 and 651,480 non-transferable common share purchase warrants [7] Regulatory Compliance - The units were issued to Canadian purchasers under the listed issuer financing exemption, and the flow-through units were issued under accredited investor and minimum amount investment exemptions [5][6] - The securities issued from the sale of flow-through units and broker warrants are subject to a statutory hold period until January 6, 2026 [8] Insider Participation - Two directors of the company participated in the offering, acquiring a total of 100,000 flow-through units and 100,000 units, which is classified as a related party transaction [10] Company Overview - Pacific Ridge aims to become a leading copper exploration company in British Columbia, with its flagship Kliyul copper-gold project located in a prolific area close to existing infrastructure [13]
Pacific Ridge Announces Brokered Private Placement for Gross Proceeds of up to C$4 Million
Newsfile· 2025-08-18 11:00
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].
Pampa Metals and Rugby Resources Complete Arrangement Transaction
Globenewswire· 2025-07-25 11:30
Core Viewpoint - Pampa Metals Corporation has successfully acquired Rugby Resources Ltd, enhancing its portfolio with significant copper exploration projects in South America, particularly the Cobrasco and Mantau projects [1][14]. Acquisition Details - The acquisition involved the issuance of 65,165,185 common shares of Pampa Metals to former Rugby shareholders at a ratio of one Pampa Share for every 6.4 Rugby Shares [1]. - Following the acquisition, former Rugby shareholders will hold approximately 30.86% of the issued and outstanding Pampa Shares [6]. Leadership Changes - Bryce Roxburgh, the outgoing President and CEO of Rugby, has been appointed to the board of directors of Pampa Metals while continuing as a director of Rugby [2]. Strategic Expansion - Pampa Metals aims to rapidly explore and advance its flagship Piuquenes copper-gold porphyry project in Argentina, recommence drilling at Rugby's Cobrasco copper-molybdenum discovery in Colombia, and assess the Mantau copper-gold prospect in Chile [7]. - The acquisition is expected to create substantial shareholder value by leveraging the high-grade Piuquenes project and the exploration potential of Cobrasco [5]. New Exploration Company - As part of the Arrangement, Rugby shareholders received shares in a new exploration company, Aegis Resources Ltd, which holds various assets including a 20% joint venture interest in the Cobrasco Project and other gold-silver projects [11]. Company Background - Pampa Metals is focused on copper-gold exploration in the Andean porphyry belts of Argentina and Colombia, with ongoing drilling activities at the Piuquenes project [13][14].
Pacific Empire Arranges $300,000 Non-Brokered Private Placement
Newsfile· 2025-07-21 23:34
Core Viewpoint - Pacific Empire Minerals Corp. is initiating a non-brokered private placement to raise up to C$300,000 for its operations and exploration activities [1][3]. Group 1: Offering Details - The Offering will consist of up to 15,000,000 units priced at C$0.02 per Unit, each comprising one common share and one warrant [2]. - Each warrant allows the holder to purchase an additional common share at C$0.05 for 24 months post-closing [2]. - Proceeds will be allocated for general working capital, exploration at the Trident copper-gold project, and marketing activities [3]. Group 2: Related Party Transactions - The Offering may involve directors or officers of the Company, qualifying it as a related party transaction under Multilateral Instrument 61-101 [4]. - It will be exempt from formal valuation and minority shareholder approval as the securities distributed will not exceed 25% of the Company's market capitalization [4]. Group 3: Regulatory and Compliance - The Offering requires approval from the TSX Venture Exchange, with securities subject to a four-month hold period [5]. - A commission of 7% of gross proceeds will be paid to Haywood Securities Inc. for their role in the Offering, along with Broker Warrants equivalent to 7% of the Units placed [6]. Group 4: Company Overview - Pacific Empire Minerals Corp. is a copper exploration company based in Vancouver, holding a land position of 22,694 hectares in British Columbia [9]. - The Company focuses on its flagship Trident and Pinnacle gold-enriched copper porphyry projects [9]. - British Columbia is recognized as a Tier 1 mining jurisdiction with significant potential for "Green Copper" due to its hydroelectric power and established infrastructure [10].
District Copper Engages Investor Relations Services
Newsfile· 2025-07-18 12:00
Core Points - District Copper Corp has engaged Capitaliz On It for investor relations services to enhance investor awareness and attract new investors through digital marketing [1][2] - The Consulting Services Agreement with Capitaliz has an initial term of 6 months and a marketing budget of $100,000 [2] - Capitaliz will assist in developing a corporate marketing strategy, coordinating marketing efforts, and leveraging its network for media contacts [2] - Capitaliz has a connection to the company through 1,000,000 Common Shares but has no other interests in District Copper [2] Company Overview - District Copper is a Canadian company focused on exploring porphyry copper deposits in south-central British Columbia [4] - Capitaliz On It is a digital marketing agency that connects public companies with social media influencers, reaching over 100 million subscribers [4]