Pacific Ridge Exploration (TSE:PEX) has released an update.
Pacific Ridge Exploration Ltd. has successfully closed the second portion of its non-brokered private placement, securing $1.76 million in funding. The company will allocate these funds to general working capital and to further exploration activities at its primary Kliyul copper-gold project and other similar projects in British Columbia. This financial milestone arrives amidst a favorable market with high gold prices and copper trading above $4.00 per pound, boosting the company’s exploration endeavors.
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