Pacific Ridge Exploration Ltd. announced a non-brokered private placement of up to 3,500,000 units at a price of CAD 0.18 per unit for gross proceeds of up to CAD 630,000 on September 13, 2023. Each unit will be comprised of one common share of the company and one common share purchase warrant, with each warrant exercisable to purchase one additional common share at an exercise price of CAD 0.27 for a period of 24 months. The company may pay finder's fees of 6% cash on a portion of the private placement.

The transaction and payment of finder's fees are subject to TSX Venture Exchange acceptance.