Prospect Ridge Resources Corp announced a non-brokered private placement of 10,000,000 flow-through units at a price CAD 0.18 per unit for gross proceeds CAD 1,800,000 on June 13, 2024. Each flow through unit will be composed of one flow-through common share and one-half of a purchase warrant, with a whole warrant being exercisable to purchase one non-flow through common share at a price of CAD 0.3 for a period of two years subject to accelerated expiry on the occurrence of certain events.