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Prospect Ridge Resources Corp. Completes Fully Subscribed Non-Brokered Private Placement for $6 Million Dollars

VANCOUVER, British Columbia, Sept. 26, 2021 (GLOBE NEWSWIRE) -- Prospect Ridge Resources Corp. (CSE: PRR) (OTC Pink: PRRSF) ("Prospect” or the "Company") announces that further to its news release dated August 27, 2021, the Company has closed its $0.35 unit private placement (the “Private Placement”) for gross proceeds of approximately $6 million. The Company issued 17,142,856 units (the “Units”), with each unit consisting of one common share in the capital of the Company (a “Share”) and one-half of one Share purchase warrant (a “Warrant”). Each whole Warrant will entitle the holder, on exercise thereof, to purchase one additional Share of the Company at a price of $0.70 per Share for a period of 18 months from the date of issuance, subject to a forced exercise clause in the event that the trading price of the Shares equals or exceeds $1.15 for 10 consecutive days. Read More

from Financial Post https://ift.tt/3kG8sFi
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