Pacific Ridge Exploration Ltd.: Pacific Ridge Adds Geophysical Expert to Newly Formed Technical Advisory Committee
Pacific Ridge or the
Company ) is pleased to announce the appointment of Dan Core, Ph.D., to its Technical Advisory Committee (the
Committee ). In addition to Dan, the Committee includes Borden Putnam III (Committee Chair), an independent director, Craig Hart and Jim Logan, technical advisors, Dr. Gerald Carlson, Executive Chairman, and Danette Schwab, Vice President Exploration.
Dan will assist the Committee in evaluating and interpreting the large volume of technical data for the Kliyul copper-gold project with the objective of optimizing drill targets for the upcoming 2021 drill program. In addition, the Committee will assist Pacific Ridge in its evaluation of new copper-gold acquisition opportunities.
Pacific Ridge Exploration Ltd.: Pacific Ridge Continues to Build Its Portfolio of BC Copper Gold Projects with the Acquisition of the RDP Project
Pacific Ridge or the
Company ) is pleased to announce that it has entered into an agreement to acquire 100% of the RDP copper-gold porphyry project in central British Columbia, approximately 40 km west of its flagship Kliyul copper-gold project (see Figure 1). With the acquisition of RDP, Pacific Ridge now has three drill-ready copper-gold projects in its property portfolio, said Blaine Monaghan, President and CEO of the Company. Pacific Ridge is well on its way to becoming one of BC s leading copper-gold exploration companies. The Company will mobilize a field crew to RDP this summer while the drill program is underway at Kliyul. Pacific Ridge expects the drill program at Kliyul to commence sometime in July.
Pacific Ridge Exploration Ltd.: Pacific Ridge Grants Stock Options
Pacific Ridge or the
Company ) announces that it has granted incentive stock options to various directors, officers, and consultants to purchase 850,000 common shares at an exercise price of $0.105 per share exercisable for a period of five years. The options granted to various directors and officers vest immediately. The 200,000 stock options granted to G2 Consultants, an investor relations consultant, will vest 25% each quarter over a 12-month period. The stock options are subject to the terms and conditions of the Company s stock option plan and the policies of the TSX Venture Exchange.
About Pacific Ridge
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Vancouver, British Columbia (Newsfile Corp. - February 18, 2021) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ( Pacific Ridge or the Company ) announces its plans to issue up to 8,000,000 units in a flow-through private placement at a price of $0.142 per unit ( FT Unit ) for gross proceeds of $1,136,000 (the Financing ). DELPHI Unternehmensberatung Aktiengesellschaft ( DELPHI ) intends to acquire all of the FT Units. I would like to thank DELPHI for their vote of confidence, said Blaine Monaghan, President and CEO of Pacific Ridge. With this investment, DELPHI will become Pacific Ridge s largest shareholder. Proceeds from this Financing will be used to drill our flagship Kliyul copper-gold project, located in British Columbia. The drill program is expected to commence this summer.