UPDATE: Pacific Ridge Raises $1.46 Million for Mariposa Gold Exploration in 2012; Nearly Touches Year Low in the Afternoon
Pacific Ridge Exploration Ltd. (PEX.V) was unchanged at 12 cents in the afternoon, but is trading just 2 cents above year low 10 cents with 100 thousand shares that have already changed hands.
Earlier today, the company announced that the non-brokered flow-through private placement announced on December 5, 2011 was oversubscribed and has now closed.
The company said it was able to raise $1.46 million in flow-through funds, which will be largely designated to 2012 exploration drilling expenditures on the company's Mariposa Gold Property located in the Yukon's White Gold District.
More than 100 thousand shares have already changed
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