CALGARY, Aug. 17, 2018 /CNW/ – PRIZE MINING CORPORATION (“Prize” or the “Company”)(TSXV: PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that theCompany has closed the second tranche (the “Second Tranche”) of the recently announced (seepress release on June 21, 2018) non-brokered private placement (the “Offering”). The SecondTranche consists of a total of $617,555 representing 4,117,034 Units at a price of $0.15 per Unit. The First Tranche was closed on July 5, 2018 for proceeds of $6,500,000.