Prospect Ridge Resources Corp. announced a non-brokered private placement of up to 31,250,000 units at a price of CAD 0.16 per unit for the gross proceeds of CAD 5,000,000 on May 29, 2024. Each unit will be comprised of one common share and one-half of a purchase warrant, with a whole warrant being exercisable to purchase one common share at a price of CAD 0.25 for a period of two years subject to accelerated expiry on the occurrence of certain events.