Prospect Ridge Increases Private Placement to CAD 1.76 Million

Bitget2026/10/19 11:03

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Prospect Ridge Resources increased its non-brokered private placement to CAD 1.76 million from CAD 1.5 million on October 19, 2026.
The offering comprises up to 23,418,336 critical metals flow-through units priced at CAD 0.075 each.
A first tranche of 17,935,002 units closed October 13, 2026, raising CAD 1.35 million.
Each unit includes one critical metals flow-through common share and half a warrant, exercisable at CAD 0.10 for two years.
Proceeds will primarily fund a 2,500-meter drilling program at Camelot and preparations for spring drilling at Excalibur in British Columbia.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Prospect Ridge Resources Corp. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202610190700ACCESSWRNAPR_____1238262) on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Prospect Ridge Increases Private Placement to CAD 1.76 Million

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