Prospect Ridge Closes Final Tranche of $1.63M Flow-Through Unit Placement

Prospect Ridge Resources Corp. has finalized its private placement of $0.12 flow-through units, raising $50,000 in its final tranche. Over the entire process, the company secured a total of $1,632,800 from 13,606,668 flow-through units issued. Each unit consists of one flow-through common share and half a warrant, with each warrant allowing the purchase of an additional share at C$0.18 within two years.

Funds raised will support exploration projects in British Columbia, including a 2,000-meter drill program at the Camelot project. The offering, not available to U.S. investors, saw insider participation under Canadian regulations.

Prospect Ridge, led by CEO Len Brownlie, expresses gratitude to investors for supporting its copper-gold exploration endeavors in the Golden Horseshoe region of north-central B.C.