08:15:54 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Pacific Ridge Exploration Ltd (3)
Symbol PEX
Shares Issued 150,029,735
Close 2024-04-08 C$ 0.14
Market Cap C$ 21,004,163
Recent Sedar Documents

Pacific Ridge private placement

2024-04-08 18:43 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Feb. 22, 2024.

Number of shares:  7,469,679 flow-through shares; 13,131,250 non-flow-through shares

Purchase price:  9.5 cents per flow-through share; eight cents per non-flow-through share

Warrants:  20,600,929 share purchase warrants to purchase 20,600,929 shares

Warrant exercise price:  12 cents for two years

Number of placees:  53 placees

Total existing insider involvement:  520,000 (two insiders)

Total pro group involvement:  2,856,184 (six pro groups)

Finder's fee:  $70,428.12

The company issued news releases on March 25, 2024, and April 8, 2024, confirming the closing of the private placement. Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

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