Pacific Ridge increases private placement to C$8.2 million

Pacific Ridge Exploration Ltd. (TSXV: PEX) announced it is increasing its non-brokered private placement by C$1,084,000 to gross proceeds of up to C$8,289,000 due to increased investor interest.

The upsized offering will consist of up to 10,420,000 hard dollar units at C$0.20 per unit for gross proceeds of up to C$2,084,000. The charity flow-through share portion remains at up to 12,500,000 shares priced at C$0.294 per share for gross proceeds of up to C$3,675,000. The flow-through unit portion comprises up to 11,000,000 units at C$0.23 per unit for gross proceeds of up to C$2,530,000.

The company expects the offering to close in late June 2026, subject to regulatory approvals including approval from the TSX Venture Exchange. Pacific Ridge may pay finder's fees in connection with the offering, which could include cash payments or warrant issuances, subject to TSXV approval.

The Vancouver-based company operates copper exploration projects in British Columbia, including its Kliyul copper-gold project in the Quesnel terrane. Its project portfolio also includes the RDP, Onjo, and Redton copper-gold projects.

The securities have not been registered under U.S. securities laws and may not be offered or sold in the United States without registration or an applicable exemption.

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