Business
Ridgeline Minerals Closes $500k Private Placement
All dollars are Canadian unless otherwise noted Vancouver, British Columbia--(Newsfile Corp. -...
About this update from Ridgeline Minerals Corp
[{"type":"text","content":"Ridgeline Minerals Closes $500k Private PlacementAll dollars are Canadian unless otherwise notedVancouver, British Columbia--(Newsfile Corp. - March 21, 2025) - Ridgeline Minerals Corp. (\"Ridgeline\" or the \"Company\") (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) is pleased to announce that in connection with its previously announced non-brokered private placement (see news release of March 18, 2025) the Company has closed its private placement effective March 20, 2025 for 2,174,000 common shares ( each a \"Share\") at the price of $0.23 per Share for gross proceeds of $500,020.The proceeds from the sale of the Private Placement will be used to fund exploration activities at the Company's Nevada projects and for general working capital. No finders fees were paid in connection with the Private Placement. All Shares issued pursuant to the Private Placement will be subject to a statutory four month and one day hold expiring on July 21, 2025.This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About Ridgeline Minerals Corp.Ridgeline Minerals is a discovery focused precious and base metal explorer with a proven management team and a 200 km2 exploration portfolio across seven projects in Nevada, USA. The Company is a hybrid explorer with a mix of 100%-owned exploration assets (Big Blue, Atlas, Bell Creek & Coyote) as well as two earn-in exploration agreements with Nevada Gold Mines at its Swift and Black Ridge projects and a third earn-in with South32 at its Selena project. More information about Ridgeline can be found at www.ridgelineminerals.com.On behalf of the Board \"Chad Peters\" President & CEOFurther Information:Chad Peters, P.Geo. President, CEO & Director Ridgeline Minerals Corp.+1 775 304 [email protected] the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accept...