PEX Warrants flooding the market : good chance to buy ?

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PEX Warrants flooding the market : good chance to buy ?

posted on Aug 24, 2011 03:20PM

http://finance.yahoo.com/news/Pacific-Ridge-Reports-Full-ccn-1871200515.html?x=0&.v=1

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 23, 2011) - Pacific Ridge Exploration Ltd. (TSX VENTURE:PEX - News; the "Company") reported that the Company has received $914,995 for the exercise of 6,099,967 share purchase warrants with an exercise price of $0.15 and an expiry date of August 20, 2011. The Company has also seen exercise of 20,000 warrants with an exercise price of $0.25 for receipt of proceeds in the amount of $5,000. There are 480,000 $0.25 warrants with an expiry date of September 16, 2011 that remain to be exercised. The Company has also seen exercise of 67,200 warrants with an exercise price of $0.45 for receipt of proceeds in the amount of $30,240. There are 3,878,150 $0.45 warrants with an expiry date of December 22, 2011 that remain to be exercised. The Company now has 58,892,078 common shares issued and outstanding.