On September 28, 2023, Pacific Ridge Exploration Ltd. closed the transaction. The company issued 3,672,667 units at a price of CAD 0.18 per unit for aggregate gross proceeds of CAD 661,080.06. Each unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one common share of the Company at a price of CAD 0.27 at any time on or before September 28, 2025. The securities are subject to a hold period ending on January 29, 2024. The company has paid finder's fees totaling CAD 16,864.79. The Offering and payment of finder's fees is subject to TSX Venture Exchange acceptance. The transaction was oversubscribed.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 14 placees including existing insider involvement of one insider for 333,333.