Pacific Ridge grants options to buy 850,000 shares Pacific Ridge grants options to buy 850,000 shares
2021-03-09 14:00 ET - News Release
Mr. Blaine Monaghan reports
PACIFIC RIDGE GRANTS STOCK OPTIONS
Pacific Ridge Exploration Ltd. has granted incentive stock options to various directors, officers and consultants to purchase 850,000 common shares at an exercise price of 10.5 cents per share for a period of five years. The options granted to various directors and officers vest immediately. The 200,000 stock options granted to G2 Consultants, an investor relations consultant, will vest 25 per cent each quarter over a 12-month period. The stock options are subject to the terms and conditions of the Company's stock option plan and the policies of the TSX Venture Exchange.
About Pacific Ridge Exploration Ltd.
Pacific Ridge Exploration's goal is to become one of the leading copper-gold exploration companies in British Columbia. Pacific Ridge's flagship project is the advanced-stage Kliyul copper-gold project, located in the Quesnel Trough, approximately 50 km southeast of Centerra Gold's Kemess project. Historic drilling at Kliyul encountered significant porphyry copper-gold mineralization, drill hole KL-15-34 returned 245 metres of 0.75 per cent CuEq (see Pacific Ridge press release dated December 2, 2020). The Company plans to launch a drill program at Kliyul this summer.
The technical information contained within this News Release has been reviewed and approved by Dr. Gerald G. Carlson, Ph.D., P.Eng., Executive Chairman of Pacific Ridge and Qualified Person as defined by National Instrument 43-101 policy.
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