Pacific Ridge Exploration Ltd. is pleased to announce that it has closed the second and final tranche of its previously announced "best efforts" private placement for gross proceeds of C$1,958,426.62 from the sale of 7,806,734 units of the Company at a price of C$0.20 per Unit and 1,726,434 flow-through units of the Company at a price of C$0.23 per FT Unit for gross proceeds of C$397,079.82. Together with the first
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