Prospect Ridge Announces C$1.5 Million Flow-Through Units Offering

Prospect Ridge Resources Corp., based in Vancouver, B.C., has announced a non-brokered private placement aiming to raise up to C$1.5 million. This initiative involves offering 20 million Critical Metals flow-through units at C$0.075 each. Each unit includes one common share, qualifying as a "flow-through share," and half of a purchase warrant. The full warrant allows the purchase of an additional share at C$0.10 within two years.

The funds will primarily support exploration projects in British Columbia, such as a 2,500-meter drilling program at the Camelot project and preparations for the Excalibur project. The securities are not registered under U.S. securities laws and are subject to restrictions.

The offering's execution depends on meeting certain conditions, including regulatory approvals. The participating shares are subject to a holding period of four months plus one day post-closing.