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Pacific Ridge Exploration Ltd.: Pacific Ridge Closes $1.5 Million Financing for Summer Drill Program at Kliyul Copper Gold Project; Crescat Lead Order
Pacific Ridge or the
Company ) is pleased to announce that it has closed the previously announced non-brokered private placement by issuing 10,000,000 units at a price of $0.15 per unit (
Unit ) for gross proceeds of $1,500,000 (the
Financing ). Crescat Capital LLC (
Crescat ) acquired 7,000,000 of the Units.
Proceeds from the Financing will be used for a 2,500-metre diamond drill program at Pacific Ridge s flagship Kliyul copper-gold project, located in the Quesnel Trough, British Columbia, an exploration program at the recently acquired RDP copper-gold project, and for general working capital. The Company expects that the drill program at Kliyul will commence sometime in July.
Pueblo's Roselawn Cemetery recently discovered a mass grave, with victims of the Great Flood and Spanish Flu inside. Those victims were remembered Friday.