Vancouver, British Columbia — September 26, 2025 — Leads & Copy — Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQW) has closed the second and final tranche of its private placement, raising gross proceeds of C$1,958,426.62.
The financing included the sale of 7,806,734 units at C$0.20 each and 1,726,434 flow-through units at C$0.23 each, generating C$397,079.82. Red Cloud Securities Inc. acted as the sole agent and bookrunner.
Each unit consists of one common share and one warrant, while each flow-through unit includes one flow-through share and one warrant. Warrants allow the purchase of one common share at C$0.28 from November 26, 2025, to September 26, 2028.
The company intends to allocate the net proceeds to explore its Kliyul and RDP copper-gold projects in British Columbia, as well as for general working capital.
Gross proceeds from the flow-through shares will fund Canadian exploration expenses and flow-through mining expenditures, with renouncement to purchasers by December 31, 2025.
Red Cloud received C$114,424.79 in cash fees and 556,586 non-transferable common share purchase warrants, exercisable at C$0.20 per share until September 26, 2028.
The securities from the flow-through units and broker warrants are subject to a statutory hold period ending on January 27, 2026. The offering document is available on SEDAR+ and the company’s website.
The closing of the final tranche is subject to TSXV final approval.
Blaine Monaghan, President & CEO, Pacific Ridge Exploration Ltd. Tel: (604) 687-4951 Email: ir@pacificridgeexploration.com
