PROSPECT RIDGE ANNOUNCES FINAL CLOSING OF ITS OVERSUBSCRIBED PRIVATE PLACEMENT
Prospect Ridge Resources Corp. (CSE: PRR) (OTC: PRRSF) has successfully closed its oversubscribed private placement, raising total gross proceeds of $5,218,847.24. The final tranche consisted of 2,912,500 NFT Units at $0.16 each and 7,717,441 FT Units at $0.18 each, totaling $1,855,139.38. The company paid $100,801.38 in finder fees and issued finder warrants. Insiders participated in the final tranche, acquiring approximately 0.41% of the issued common shares. The proceeds will fund exploration on the Knauss Creek and Holy Grail Properties, corporate development, and working capital. The FT Placement proceeds will be used for Canadian Exploration Expenses qualifying as flow-through mining expenditures.
Prospect Ridge Resources Corp. (CSE: PRR) (OTC: PRRSF) ha chiuso con successo il suo collocamento privato, sovrascritto, raccogliendo proventi lordi totali di $5,218,847.24. L'ultima tranche consisteva di 2,912,500 NFT Units a $0.16 ciascuna e 7,717,441 FT Units a $0.18 ciascuna, per un totale di $1,855,139.38. La società ha pagato $100,801.38 in commissioni ai Locator e ha emesso warrant per i Locator. I membri interni hanno partecipato all'ultima tranche, acquisendo circa lo 0,41% delle azioni ordinarie emesse. I proventi finanzieranno l'esplorazione delle proprietà Knauss Creek e Holy Grail, lo sviluppo aziendale e il capitale circolante. I proventi del collocamento FT saranno utilizzati per spese di esplorazione canadese qualificabili come spese minerarie flow-through.
Prospect Ridge Resources Corp. (CSE: PRR) (OTC: PRRSF) ha cerrado con éxito su colocación privada sobre suscripción, recaudando un total de ingresos brutos de $5,218,847.24. La última tranche consistió en 2,912,500 NFT Units a $0.16 cada una y 7,717,441 FT Units a $0.18 cada una, sumando un total de $1,855,139.38. La compañía pagó $100,801.38 en comisiones a los intermediarios y emitió warrants para los intermediarios. Los miembros internos participaron en la última tranche, adquiriendo aproximadamente el 0,41% de las acciones ordinarias emitidas. Los fondos se destinarán a la exploración de las propiedades Knauss Creek y Holy Grail, al desarrollo corporativo y al capital de trabajo. Los ingresos del colocación FT se utilizarán para gastos de exploración canadiense que califiquen como gastos de minería de flujo.
프로스펙트 리지 리소스 Corp. (CSE: PRR) (OTC: PRRSF)는 과잉 청약으로 비공식 배정을 성공적으로 마감하면서 총 매출액 $5,218,847.24를 모집했습니다. 최종 트랜치는 각각 $0.16에 2,912,500 NFT 유닛과 $0.18에 7,717,441 FT 유닛으로 구성되어 있으며, 총액 $1,855,139.38입니다. 회사는 중개 수수료로 $100,801.38를 지급하였고, 중개인 보증서도 발행하였습니다. 내부자들은 최종 트랜치에 참여하여 발행된 보통주 약 0.41%를 인수했습니다. 모집된 자금은 Knauss Creek 및 Holy Grail Properties의 탐사를 위한 자금, 기업 개발 및 운영 자본에 사용될 것입니다. FT 배정의 수익은 캐나다 탐사 비용으로 흐름에 따라 채굴 비용으로 인정받을 것입니다.
Prospect Ridge Resources Corp. (CSE: PRR) (OTC: PRRSF) a fermé avec succès son placement privé sursouscrit, levant un produit brut total de $5,218,847.24. La dernière tranche se composait de 2,912,500 unités NFT à 0,16 $ chacune et de 7,717,441 unités FT à 0,18 $ chacune, totalisant $1,855,139.38. La société a payé $100,801.38 en frais de recherche et a émis des bons de recherche. Des initiés ont participé à la dernière tranche, acquérant environ 0,41 % des actions ordinaires émises. Les produits serviront à financer l'exploration des propriétés Knauss Creek et Holy Grail, le développement corporatif et le fonds de roulement. Les recettes du placement FT seront utilisées pour les dépenses d'exploration canadienne qualifiant en tant que dépenses minières flow-through.
Prospect Ridge Resources Corp. (CSE: PRR) (OTC: PRRSF) hat erfolgreich ihre überzeichnete Privatplatzierung abgeschlossen und dabei einen Gesamtbruttoeinkauf von $5,218,847.24 erzielt. Die letzte Tranche bestand aus 2,912,500 NFT Units zu je $0.16 und 7,717,441 FT Units zu je $0.18, was insgesamt $1,855,139.38 ergibt. Das Unternehmen zahlte $100,801.38 an Findergebühren und gab Finder Warrants aus. Insider nahmen an der letzten Tranche teil und erwarben etwa 0,41% der ausgegebenen Stammaktien. Die Erlöse werden verwendet, um die Erkundung der Knauss Creek und Holy Grail Properties, die Unternehmensentwicklung und das Betriebskapital zu finanzieren. Die Erlöse aus der FT-Platzierung werden für kanadische Explorationsausgaben verwendet, die als Flow-Through-Bergbauausgaben in Frage kommen.
- Successful closing of oversubscribed private placement raising $5,218,847.24
- Strong investor interest demonstrated by oversubscription
- Insider participation in the final tranche, showing confidence in the company
- Funds allocated for exploration of Knauss Creek and Holy Grail Properties
- Dilution of existing shareholders due to new share issuance
- Payment of $100,801.38 in finder fees, reducing net proceeds
In total, the Company has raised aggregate gross proceeds of
CEO Mike Iverson commented, "We are incredibly grateful to everyone who has supported us during this financing round. Your trust and confidence in Prospect Ridge Resources is deeply appreciated. We look forward to delivering on our promises and working diligently to create value for all our shareholders. Your belief in our vision fuels our commitment to achieving significant results during our upcoming drill program."
In connection with the final tranche, the Company paid aggregate finder fees of
Insiders of the Company purchased an aggregate of 312,500 NFT Units (
The participation by insiders constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and (b), and 5.7(1)(a), respectively, of MI 61-101 on the basis that neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction insofar as it involves interested parties (within the meaning of MI 61-101) in the transaction exceeds
Use of Proceeds of the Offering
The gross proceeds of the NFT Placement will be used to fund exploration expenditures on the Knauss Creek Property and Holy Grail Property (the "Properties"), corporate development and general working capital, while the gross proceeds of the FT Placement will be used to fund exploration expenditures on the Properties and other Canadian Exploration Expenses that will qualify as "flow-through mining expenditures" as defined in subsection 127(9) of the Income Tax Act (
About Prospect Ridge Resources Corp.
Prospect Ridge Resources Corp. is a
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, positive exploration results at the Knauss Creek and Holy Grail projects and the Company's use of proceeds from the Private Placement. These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that future exploration results at the Knauss Creek and Holy Grail projects will not be as anticipated and that the Company will use the proceeds from the Private Placement as anticipated.
In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that future exploration results at the Knauss Creek and Holy Grail projects will be as anticipated and that the Company will use the proceeds from the Private Placement as anticipated.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
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SOURCE Prospect Ridge Resources Corp.
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