Prospect Ridge Raises $1.84 Million in Private Placement
Bitget2026/10/30 22:35- Prospect Ridge Resources closed its private placement on October 30, 2026, raising $1.84 million across three tranches.
- The final tranche raised $151,250.18 through the issuance of 2,016,669 critical mineral flow-through units.
- Total issuance reached 24,485,004 units at $0.075 each, exceeding the original fundraising target by $336,375.
- Each unit comprised one flow-through common share and half a warrant; whole warrants are exercisable at $0.10 for two years, subject to acceleration.
- Proceeds will primarily fund a 2,500-meter Camelot drill program and preparations for spring drilling at Excalibur in British Columbia.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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