VANCOUVER, Oct. 29, 2021 (GLOBE NEWSWIRE) – (the “Company” or “Prospect Ridge”) (CSE: PRR) (OTCQX: PRRSF) is pleased to provide an update on 2021 exploration work and current plans for the Holy Grail Property (the “Property”).
Further to the news release dated Aug. 27, 2021, Prospect Ridge Resources Corp. has closed its 35-cent unit private placement for gross proceeds of approximately $6-million. The Company issued 17,142,856 units (the “Units”), with each unit consisting of one common share in the capital of the Company (a “Share”) and one-half of one Share purchase warrant (a “Warrant”).
Prospect Ridge Resources Corp. has entered into a property option agreement with Loan Wolf Exploration Ltd. dated Aug. 26, 2021, pursuant to which the company has acquired options to purchase a 100-per-cent interest in and to certain mineral claims and placer claims collectively known as the Holy Grail property.