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NOT FOR DISTRIBUTION OR DISSEMINATION TO THE UNITED STATES
VANCOUVER, BC / ACCESS Newswire / December 12, 2025 / Prospect Ridge Sources Corp. (the “Firm” or “Prospect Ridge”) (CSE:PRR,OTC:PRRSF)(OTCQB:PRRSF)(FRA:OED) is happy to announce a non-brokered personal placement (the “Providing“) of as much as $800,000 by way of the difficulty of as much as 8,888,889 vital mineral flow-through models (the “Models“) at a worth of $0.09 per Unit.
Len Brownlie, Ph.D, President and CEO of Prospect Ridge, commented: “Our multi-faceted 2025 exploration marketing campaign was profitable in figuring out a number of drill targets on the Firm’s Excalibur, Fort and Camelot copper-gold porphyry initiatives. The subsequent step in direction of a discovery on every of those initiatives will likely be to drill check them. Whereas our not too long ago accomplished financing added $1.6M to the treasury to fund the preliminary 2026 drilling program, the Firm has elected, in mild of additional funding curiosity, to just accept further funds for this system presently. The extra funds will alleviate market uncertainty and make sure that the Firm is ready to safe all required contractors and provides early in 2026 – forward of an anticipated scarcity in the summertime of 2026 – permitting administration to start drilling as quickly as potential and to extra totally deal with this system itself.”
Every Unit will consist of 1 flow-through widespread share (an “FT Share“) of the Firm and one-half of a warrant, with a complete warrant (a “Warrant“) being exercisable to buy one non-flow-through widespread share (a “Warrant Share“) of the Firm at a worth of $0.15 for a interval of two years after closing. The Warrants will likely be topic to accelerated expiry if the Firm’s widespread shares commerce or shut on the Canadian Securities Change (the “Change“) at $0.25 or extra for ten consecutive buying and selling days.
The Firm intends to make use of the gross proceeds from the FT Shares to incur, on its mineral initiatives in British Columbia, eligible “Canadian exploration bills” that may even qualify as “flow-through vital mineral mining expenditures” beneath the Revenue Tax Act (Canada) (the “ITA“). The Firm intends to allocate the funds to its 2026 drill applications at a number of of the Firm’s Excalibur, Fort and Camelot initiatives.
The closing of the Providing is topic to sure closing situations, together with the receipt of all needed approvals together with Change acceptance. All securities issued will likely be topic to a statutory and/or Change maintain interval of 4 months plus someday from closing. The Firm might pay finder charges in compliance with relevant securities legal guidelines and Change insurance policies and topic to the receipt of any needed regulatory approvals.
The securities to be supplied beneath the Providing haven’t been, and won’t be, registered beneath the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities legal guidelines, and is probably not supplied 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 during which 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 centered on vital metals and gold. Led by a administration and technical staff 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 out to be the subsequent massive copper/gold porphyry discovery throughout this vastly under-explored area.
Contact Data
Prospect Ridge Sources Corp.
Mike Iverson – Chairman, Director
E mail: mike@miverson.ca
24549 – 53 Avenue
Langley, BC V2Z1H6
604-351-3351
Neither the Canadian Securities Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the Canadian Securities Change) accepts accountability for the adequacy or accuracy of this launch.
This launch consists of sure statements and data (“FLI”) that will represent forward-looking info throughout the that 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 isn’t historic truth is FLI. Typically, FLI will be, with out limitation, recognized by means of forward-looking wording similar to “plans”, ” intends”, “believes”, “expects”, “anticipates” or “estimates”, and statements or phrases that sure actions, occasions or outcomes ” might”, “would possibly”, ” might”, ” ought to” or ” would”happen, and comparable expressions. FLI shouldn’t be historic truth, is made as of the date of this information launch and consists of, 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, Fort or Excalibur Initiatives. FLI entails quite a few dangers and uncertainties, and are primarily based on assumptions, and precise outcomes would possibly differ materially from outcomes urged in any FLI. These dangers and uncertainties embody, amongst different issues, the provision of financing to proceed exploration actions, the provision and value of certified exploration personnel and repair suppliers, and that future exploration outcomes on the Camelot, Holy Grail/Knauss Creek, Fort or Excalibur Initiatives won’t 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, Fort or Excalibur Initiatives will likely be as anticipated. Though administration has endeavored to guage and use affordable assumptions and to determine vital components that would trigger precise outcomes to vary materially from these contained in FLI, these assumptions might show incorrect and there could also be different components that trigger outcomes to not be as supposed, anticipated, anticipated or estimated. There will 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 is probably not applicable for different functions. The Firm doesn’t undertake to replace any FLI expressed or included by reference herein, besides in accordance with relevant securities legal guidelines. We search secure harbor.
SOURCE: Prospect Ridge Sources Corp.
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