【why is my fb cover photo blurry】Pacific Ridge Receives $1.2 Million Payment from BMC
Vancouver,why is my fb cover photo blurry British Columbia--(Newsfile Corp. - January 2, 2019) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") announces that it has received a $1.2 million option payment from BMC Minerals (No. 1) Ltd. ("BMC") according to the amended purchase option agreement for its Fyre Lake project as announced December 21, 2018. The final $1.22 million payment required to exercise the option must be paid upon BMC obtaining production financing for its Kudz Ze Kayah project, Yukon, but in any event no later than December 31, 2020. BMC will also pay $75,000 to Pacific Ridge every six months, commencing June 30, 2019, until the final tranche has been paid. All other terms and conditions of the agreement remain the same, including the bonus payment of $1,000,000 that is due if and when BMC's Kudz Ze Kayah property has reached commercial production for one year. The Company plans to use the funds to explore its project portfolio including its Spius porphyry copper prospect in British Columbia and its White Gold District gold projects in Yukon.
Pacific Ridge also announces that it has terminated its option to acquire an interest in the RC Gold project, Yukon.
About Pacific Ridge
Pacific Ridge is a well-funded junior explorer that has assembled a portfolio of highly-prospective gold and base metal projects located in the Yukon and British Columbia, where its board and management team have a track record of success. Its holdings include the Mariposa, Eureka Dome and Gold Cap gold exploration projects in the Klondike-White Gold District, Fyre Lake in the Finlayson District and Spius Cu-Mo-Au porphyry and TL Zinc in southern British Columbia.
On behalf of the Board of Directors,
"Gerald G. Carlson"
Gerald G. Carlson
President & CEO
Pacific Ridge Exploration Ltd.
For further information, contact:
Pacific Ridge Exploration Ltd.
Gerald G. Carlson
President & CEO
Tel: (604) 687-4951
www.pacificridgeexploration.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information:
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling and other activities and events or developments that Pacific Ridge Exploration Ltd. ("Pacific Ridge") expects to occur, are forward-looking statements. Forward-looking statements in this news release include statements regarding the exercise of the options and future exploration plans and expenditures. Although Pacific Ridge believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, that one of the options will be exercised, the ability of Pacific Ridge and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Pacific Ridge's proposed programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Pacific Ridge does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
View comments
-
XFC to Live Stream Inaugural Try-Outs in Michigan on Sept 12 Live on Location at Team SFS-Scorpion Fighting SystemThyssenkrupp in constructive talks with EU on Tata Steel JVMaritime Announces Board and Management ChangesGerman government welcomes U.S.-China truce halting new tariffs for 90 daysMargaux Resources Announces Collaboration with GoldSpot Discoveries and Spring Work Program on Cassiar Gold ProjectFlorida's Highway Safety Report Finds Crashes Continue to Decrease at Red-Light Safety Camera IntersectionsBRIEF-Zhongxin Information Development's Unit To Bring In Strategic InvestorWhitney Houston's death: Wendy Williams breaks down -- VIDEOA2Z Technologies Lists on Frankfurt Stock ExchangeSouth Korea's Hyundai target 2019 global sales of 4.7 million vehicles
下一篇:Comtech Augments Tactical Communications With COMET Launch
- ·Global Compression Garments Market – Analysis By Product Type, By End User, By Region, By Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)
- ·BRIEF-China Yangtze Power Says 2018 Power Generation Up 2.2 Percent Y/Y
- ·BRIEF-FGV Holdings Appoints Mohd Hairul Bin Abdul Hamid As CFO
- ·FOREX-Yen soars as growth concerns dampen appetite
- ·BRIEF-CITIC Ltd Updates On The Proposed Restructuring Of Daye Special Steel
- ·Italy Is Heading for Recession in 2019. Here’s Why
- ·JPJ Group PLC Announces Total Voting Rights
- ·Can We See Significant Institutional Ownership On The Ceconomy AG (FRA:CEC) Share Register?
- ·Gatling Discovers 3rd High-Grade Gold Trend at Kir Vit; Encounters Highest Grades to Date
- ·Apple Is a Mega-Cap Stock That You Should Consider Now
- ·The Pac-12 wants a $500M investment from private equity
- ·BRIEF-Bank Of Guiyang Says Prelim 2018 Net Profit Up 13.4 Percent Y/Y At 5.1 Billion Yuan
- ·Hedge Funds Aren’t Done Buying Tech Data Corp (TECD)
- ·Why ABB Ltd (VTX:ABBN) Is A Top Dividend Stock
- ·EM ASIA FX-Most Asian currencies decline as factory activity fizzles
- ·You Can Own This Lotus Cortina Raced by Some of the World's Greatest Drivers
- ·Is Innovative Industrial Properties (IIPR) Stock Outpacing Its Finance Peers This Year?
- ·For Auld Lang Syne
- ·Deferred Interest, Waived Interest -- Why You Need to Know the Terms of Your 0% APR Offer
- ·BRIEF-Zhejiang Jiahua Energy Chemical Says Is Warned By Regulator For Violation Of Information Disclosure
- ·Gold ETFs Attain Record YTD Inflows Amid Global Uncertainties
- ·Saudi PIF entertainment company plans to build leisure complex in Riyadh
- ·BRIEF-Rizhao Port's Controlling Shareholder's Unit Wins Project For 243.5 Million Yuan
- ·One Thing To Remember About The Vital Metals Limited (ASX:VML) Share Price
- ·XFC to Live Stream Inaugural Try-Outs in Michigan on Sept 12 Live on Location at Team SFS-Scorpion Fighting System
- ·SHAREHOLDER ALERT - Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against DXC Technology Company (DXC) and Lead Plaintiff Deadline: February 26, 2019
- ·Why the Earnings Surprise Streak Could Continue for Dick's (DKS)
- ·OC top pay figure passes £1m mark as solid growth continues
- ·What Are Analysts Expecting From Senior plc (LON:SNR) In The Year Ahead?
- ·What Steel Strips Wheels Limited’s (NSE:SSWL) ROE Can Tell Us
- ·Maybe the Coronavirus Didn’t End the Bull Market
- ·Nick Cannon Calls ‘Red Table Talk’ The “Toxic Table” After Cancellation & Says Facebook Watch Show Led To Infamous Oscar Slap
- ·2019 begins with higher drug prices
- ·Oil Prices Fall; Saudi Arabia May Cut Prices of Heavy Crude Sold to Asia
- ·ETFs Ways to Tap the Rise in Silver Price
- ·How Should Investors Feel About ENGIE SA’s (EPA:ENGI) CEO Pay?