Prairie Provident Announces Closing of Initial Tranche of Private Placement for $4.8 Million to Advance Basal Quartz Horizontal Drilling Program

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CALGARY, Alberta, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") (TSX:PPR) is pleased to announce the closing of the first tranche of its recently announced equity financing, for $4,800,000 in gross proceeds from its principal and largest shareholder, PCEP Canadian Holdco, LLC ("PCEP") upon the issue of 112,941,176 common shares ("Common Shares") at a price of $0.0425 per Common Share (the "First Tranche Closing").

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