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NOT FOR DISTRIBUTION OR DISSEMINATION TO THE UNITED STATES
VANCOUVER, BC / ACCESS Newswire / December 5, 2025 / Prospect Ridge Sources Corp. (the “Firm” or “Prospect Ridge”) (CSE:PRR,OTC:PRRSF)(OTCQB:PRRSF)(FRA:OED) is happy to announce that it has closed the third and closing tranche of its non-brokered non-public placement of $0.12 flow-through items introduced on October 17, 2025 (see information launch for particulars), issuing 416,667 flow-through items for gross proceeds of $50,000.00. All securities issued within the third tranche are topic to a statutory maintain interval expiring on April 4, 2026, and no finder charges had been paid.
Over the three tranches, the Firm raised combination gross proceeds of $1,632,800.16 by the difficulty of 13,606,668 flow-through items (“FT Unit”), every comprised of 1 flow-through widespread share (a “Widespread Share”) within the capital of the Firm and one-half of 1 Widespread Share buy warrant (every complete warrant, a “Warrant“). Every Warrant entitles the holder thereof to buy one Widespread Share at a worth of C$0.18 for a interval of two years after Closing, topic to accelerated expiry if the Firm’s widespread shares commerce or shut on the Canadian Securities Alternate (the “Alternate“) at $0.35 or extra for ten consecutive buying and selling days. Within the combination, insiders bought 963,333 FT Items, which as of the third tranche closing represented roughly 1% of the then issued and excellent shares, or 1.47% if the related warrants had been instantly exercised. The participation by insiders constitutes a “associated get together transaction” inside the which means of Multilateral Instrument 61-101 – Safety of Minority Safety Holders in Particular Transactions (“MI 61-101”). The Firm has relied upon the exemption from the formal valuation and minority shareholder approval necessities pursuant to sections 5.5(a), (b) and (c), and sections 5.7(1)(a) and (b), respectively, of MI 61-101.
Len Brownlie, President and CEO of Prospect Ridge commented: “Prospect Ridge may be very grateful to the traders who’ve supported us throughout this financing. Your belief and confidence in Prospect Ridge and its exploration tasks is really appreciated. We look ahead to effectively allocating these funds for the invention of B.C.’s subsequent important copper-gold porphyry deposit to create worth for all of our shareholders.”
Use of Proceeds of the Providing
The Firm intends to make use of the gross proceeds from the FT Placement to incur, on its mineral tasks in British Columbia, eligible “Canadian exploration bills” that may also qualify as “flow-through important mineral mining expenditures” underneath the Revenue Tax Act (Canada). The Firm intends to allocate roughly 50% of the gross proceeds to finance the not too long ago introduced 2,000 meter drill program on the Issuer’s Camelot mission, situated close to Horsefly, B.C. The remaining funds will probably be allotted to funding drill packages at a number of of the Firm’s Excalibur and Fortress tasks.
The securities to be provided underneath the Providing haven’t been, and won’t be, registered underneath the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities legal guidelines, and will not be provided or bought in the USA or to, or for the account or advantage of, United States individuals absent registration or any relevant exemption from the registration necessities of the U.S. Securities Act and relevant U.S. state securities legal guidelines. This information launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase securities in the USA, nor shall there be any sale of those securities in any jurisdiction wherein such provide, solicitation or sale can be illegal.
About Prospect Ridge Sources Corp.
Prospect Ridge Sources Corp. is a British Columbia-based exploration and growth firm targeted on important metals and gold. Led by a administration and technical workforce with over 100 years of mixed mineral exploration expertise, Prospect Ridge is devoted to advancing its portfolio of properties within the Golden Horseshoe and Cariboo areas of north-central British Columbia which have the potential to turn into the subsequent giant copper/gold porphyry discovery throughout this vastly under-explored area.
Contact Info
Prospect Ridge Sources Corp.
Mike Iverson – Chairman, Director
Electronic mail: mike@miverson.ca
Neither the Canadian Securities Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the Canadian Securities Alternate) accepts duty for the adequacy or accuracy of this launch.
This launch contains sure statements and knowledge (“FLI”) that will represent forward-looking info inside the which means of relevant Canadian securities legal guidelines. FLI pertains to future occasions or future efficiency and mirror the present expectations or beliefs of the Firm’s administration. Something that’s not historic reality is FLI. Typically, FLI may be, with out limitation, recognized by means of forward-looking wording equivalent to “plans”, “intends”, “believes”, “expects”, “anticipates” or “estimates”, and statements or phrases that sure actions, occasions or outcomes “could”, “would possibly”, “might”, “ought to” or “would” happen, and comparable expressions. FLI shouldn’t be historic reality, is made as of the date of this information launch and contains, with out limitation, statements and discussions of future plans, intentions, expectations, estimates and forecasts, and statements as to administration’s intentions and expectations with respect to, amongst different issues, constructive exploration outcomes on the Camelot, Holy Grail/Knauss Creek, Fortress or Excalibur Tasks. FLI includes quite a few dangers and uncertainties, and are primarily based on assumptions, and precise outcomes would possibly differ materially from outcomes recommended in any FLI. These dangers and uncertainties embrace, amongst different issues, the supply of financing to proceed exploration actions, the supply and price of certified exploration personnel and repair suppliers, and that future exploration outcomes on the Camelot, Holy Grail/Knauss Creek, Fortress or Excalibur Tasks is not going to be as anticipated. In making any FLI on this information launch, the Firm has utilized a number of materials assumptions, together with with out limitation, that future exploration outcomes on the Camelot, Holy Grail/Knauss Creek, Fortress or Excalibur Tasks will probably be as anticipated. Though administration has endeavored to guage and use affordable assumptions and to establish necessary components that would trigger precise outcomes to vary materially from these contained in FLI, these assumptions could show incorrect and there could also be different components that trigger outcomes to not be as supposed, anticipated, anticipated or estimated. There may be no assurance that FLI will show to be correct, and precise outcomes and future occasions might differ materially from these expressed in FLI. Accordingly, readers shouldn’t place undue reliance on FLI, and are additional cautioned that reliance on such info will not be applicable for different functions. The Firm doesn’t undertake to replace any FLI expressed or integrated by reference herein, besides in accordance with relevant securities legal guidelines. We search secure harbor.
SOURCE: Prospect Ridge Sources Corp
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