{"id":9993,"date":"2022-09-04T21:06:23","date_gmt":"2022-09-04T21:06:23","guid":{"rendered":"https:\/\/marylanddailygazette.com\/crescat-delphi-to-fund-additional-drilling-at-pacific-ridges-kliyul-copper-gold-project\/"},"modified":"2022-09-04T21:06:23","modified_gmt":"2022-09-04T21:06:23","slug":"crescat-delphi-to-fund-additional-drilling-at-pacific-ridges-kliyul-copper-gold-project","status":"publish","type":"post","link":"https:\/\/marylanddailygazette.com\/crescat-delphi-to-fund-additional-drilling-at-pacific-ridges-kliyul-copper-gold-project\/","title":{"rendered":"Crescat, Delphi to Fund Additional Drilling at Pacific Ridge\u2019s Kliyul Copper-Gold Project"},"content":{"rendered":"
Crescat, Delphi to Fund Additional Drilling at Pacific Ridge\u2019s Kliyul Copper-Gold Project<\/a><\/p>\n <\/p>\n Vancouver, British Columbia\u2013(Newsfile Corp. \u2013 September 4, 2022) \u2013 Pacific Ridge Exploration Ltd. (TSXV: PEX) (\u201cPacific Ridge<\/b>\u201d or the \u201cCompany<\/b>\u201c) plans to increase the size of the previously announced non-brokered private placement (see news release dated September 2, 2022) by 1,000,000 units to 3,391,305 units at a price of $0.23 per unit (\u201cUnit<\/b>\u201c) for gross proceeds of up to $780,000 (the \u201cFinancing<\/b>\u201c). DELPHI Unternehmensberatung Aktiengesellschaft, Pacific Ridge\u2019s second largest shareholder, intends to acquire the additional 1,000,000 Units. Crescat Capital LLC, the Company\u2019s largest shareholder, intends to acquire the remaining 2,391,305 Units.<\/p>\n Proceeds from this Financing will be used for additional drilling at the Kliyul copper-gold project, located in northcentral B.C., and for general working capital. <\/p>\n Each Unit will be comprised of one common share of the Company and one-half of one common share purchase warrant, with each whole warrant exercisable to purchase one additional common share at an exercise price of $0.35 for a period of 2 years. The Financing is subject to TSX Venture Exchange acceptance. <\/p>\n This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \u201cU.S. Securities Act\u201d) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.<\/p>\n About Pacific Ridge<\/b><\/p>\n Our goal is to become British Columbia\u2019s leading copper-gold exploration company. Pacific Ridge\u2019s flagship project is the Kliyul copper-gold project, located in the prolific Quesnel Trough, approximately 50 km southeast of Centerra Gold Inc.\u2019s Kemess mine. In addition to Kliyul, the Company\u2019s project portfolio includes the RDP copper-gold project (optioned to Antofagasta Minerals S.A.), the Chuchi copper-gold project, the Onjo copper-gold project, and the Redton copper-gold project, all located in British Columbia.<\/p>\n On behalf of the Board of Directors,<\/p>\n \u201cBlaine Monaghan\u201d<\/i><\/p>\n Blaine Monaghan Corporate Contact: <\/b>
President & CEO
Pacific Ridge Exploration Ltd.<\/p>\n
Blaine Monaghan
President & CEO
Tel: (604) 687-4951
www.pacificridgeexploration.com<\/a>
https:\/\/www.linkedin.com\/company\/pacific-ridge-exploration-ltd-pex-<\/a>
https:\/\/twitter.com\/PacRidge_PEX<\/a><\/p>\n