Pacific Ridge Exploration (PEXZF) completes C$14,000 private unit financing
Rhea-AI Filing Summary
Pacific Ridge Exploration Ltd., a British Columbia corporation, filed a Form D for a new exempt offering of securities under Rule 506(b) of Regulation D. The issuer sold $9,868 USD (C$14,000) of securities in this offering, with $0 USD remaining to be sold. The securities consist of 70,000 units at C$0.20 per unit, each unit including one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable at C$0.30 for two years. No finders’ fees were paid, and the filing covers equity plus options, warrants or other rights to acquire another security. The date of first sale is June 26, 2026.
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Key Figures
Total Amount Sold: $9,868 USD
Total Remaining to be Sold: $0 USD
Canadian Dollar Proceeds: C$14,000
+5 more
8 metrics
Total Amount Sold
$9,868 USD
Gross proceeds reported for the exempt offering
Total Remaining to be Sold
$0 USD
Amount remaining to be sold in the stated offering
Canadian Dollar Proceeds
C$14,000
Converted to US$9,868.50 using a 0.7049 rate on June 26, 2026
Units Issued
70,000 units
Each unit at C$0.20, one share plus half warrant
Unit Price
C$0.20 per unit
Pricing for each unit in the exempt offering
Warrant Exercise Price
C$0.30
Exercise price per share for each whole warrant
Warrant Term
2 years
Each whole warrant exercisable for two years
Date of First Sale
2026-06-26
Initial sale date for securities in this offering
Key Terms
Form D, Rule 506(b), Regulation D exemption, covered securities, +2 more
6 terms
Form D regulatory
"FORM D Notice of Exempt Offering of Securities"
Form D is a short notice filed with the U.S. Securities and Exchange Commission when a company raises money using a private offering exemption instead of a full public registration. Think of it as a public receipt that lists basic facts about the fundraiser—amount sought, how much has been sold, and who the issuer is—without the full audited disclosures of a public offering. Investors use it to spot private financings, assess potential dilution or fundraising activity, and find contact information, but it is not a substitute for detailed due diligence.
Rule 506(b) regulatory
"Federal Exemption(s) and Exclusion(s) Claimed: Rule 506(b)"
Rule 506(b) is a U.S. securities exemption that lets companies sell shares or debt privately without full public registration, provided sales are primarily to accredited investors, up to 35 non‑accredited but financially knowledgeable buyers, and there is no public advertising or solicitation. It matters to investors because offerings under 506(b) usually include less public disclosure than registered securities—like buying from a private seller rather than a retail store—so buyers must do more of their own fact‑checking and rely on their financial sophistication.
Regulation D exemption regulatory
"Certifying that, if the issuer is claiming a Regulation D exemption for the offering"
covered securities regulatory
"if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA"
Investment Company Act of 1940 regulatory
"Is the issuer registered as an investment company under the Investment Company Act of 1940?"
A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What type of exempt securities offering did PACIFIC RIDGE EXPLORATION LTD (PEXZF) file?
PACIFIC RIDGE EXPLORATION LTD filed a Form D for a new exempt offering under Rule 506(b) of Regulation D. This rule allows certain private placements to qualified investors without full SEC registration.
How much has PACIFIC RIDGE EXPLORATION LTD (PEXZF) raised in this Form D offering?
The company reports a total amount sold of $9,868 USD, equivalent to C$14,000. The filing shows a total remaining to be sold of $0 USD, indicating the stated offering amount has been fully placed.
What securities are being sold in PACIFIC RIDGE EXPLORATION LTD (PEXZF)’s Form D offering?
The issuer sold 70,000 units at C$0.20 per unit. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at C$0.30 for two years.
When did PACIFIC RIDGE EXPLORATION LTD (PEXZF) first sell securities in this offering?
The date of first sale in this exempt offering is June 26, 2026. The company converted the proceeds using a Bank of Canada exchange rate applicable on that same date.
Did PACIFIC RIDGE EXPLORATION LTD (PEXZF) pay any finders’ fees in this Form D offering?
The filing reports finders’ fees of $0 USD. This indicates no separate finders’ fee expense was paid in connection with the securities sold under this notice of exempt offering.
What are the warrant terms in PACIFIC RIDGE EXPLORATION LTD (PEXZF)’s units?
Each unit includes one-half of one common share purchase warrant, so two units provide one whole warrant. Each whole warrant allows purchase of a common share at C$0.30 for a period of two years.