Business
Pacific Ridge Appoints New President and Chief Executive Officer
Vancouver, British Columbia--(Newsfile Corp. - January 4, 2021) -  Pacific Ridge Explorat...
About this update from Pacific Ridge Exploration Ltd.
[{"type":"text","content":"Pacific Ridge Appoints New President and Chief Executive OfficerVancouver, British Columbia--(Newsfile Corp. - January 4, 2021) -  Pacific Ridge Exploration Ltd. (TSXV: PEX) (\"Pacific Ridge\" or the \"Company\") is pleased to announce that Blaine Monaghan has been appointed President and Chief Executive Officer of the Company. Dr. Gerald G. Carlson, the former President and CEO, has been appointed Executive Chairman of the Company and retains responsibility for Pacific Ridge's technical programs. \"This is an important step forward for Pacific Ridge,\" stated Dr. Gerry Carlson, Executive Chairman of Pacific Ridge. \"Blaine's appointment significantly strengthens and diversifies our existing management team. He has a track record of creating shareholder value and a broad range of experience in management, corporate finance and investor relations. When you couple Blaine's capital markets expertise with management's technical expertise, I believe that Pacific Ridge is positioned for success.\" \"My goal is to create one of British Columbia's leading copper-gold exploration companies,\" said Blaine Monaghan, President and CEO of Pacific Ridge. \"I look forward to working with Gerry and Danette Schwab, Pacific Ridge's VP Exploration, as we advance the Kliyul copper-gold project, our flagship project, and acquire additional copper-gold projects to achieve that goal.\"Mr. Monaghan has a proven track record of creating shareholder value in the mining industry. He has been involved in capital raises totaling more than $100 million for exploration projects around the globe and has worked with a number of companies that were subject to M&A, including True Gold Mining Inc. (acquired by Endeavour Mining Corp.), Canplats Resources Corp. (acquired by Goldcorp Inc.), Western Prospector Group Ltd. (acquired by a subsidiary of China Nuclear National Corp.), Nu Energy Uranium Corp. (acquired by Mega Uranium) and Wheaton River Minerals Ltd. (which merged with Goldcorp in 2005). Mr. Monaghan holds an MBA from Royal Roads University, a Bachelor of Arts degree from Simon Fraser University and a diploma in public relations from the Public Relations Institute of Ireland.Fyre Lake UpdateThe Company is also pleased to announce that it has received a payment of $75,000 from BMC Minerals Ltd. (\"BMC\"). The final payment of $1.2 million in BMC's o...