Business
Ridgeline Minerals Closes Oversubscribed $2.2 Million Private Placement
Not for dissemination in the United States or through U.S. newswires  All dollars are Canadi...
About this update from Ridgeline Minerals Corp
[{"type":"text","content":"Ridgeline Minerals Closes Oversubscribed $2.2 Million Private PlacementNot for dissemination in the United States or through U.S. newswires All dollars are Canadian unless otherwise notedVancouver, British Columbia--(Newsfile Corp. - May 8, 2024) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) (\"Ridgeline\" or the \"Company\") is pleased to announce that further to its news releases on April 17, 2024 and April 19, 2024, the Company has closed its oversubscribed, non-brokered private placement (the \"Offering\") to issue 18,481,801 units of the Company (the \"Units\"), at a price of $0.12 per Unit (the \"Issue Price\"), for aggregate gross proceeds of $2,217,816.Each Unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole warrant a \"Warrant\"). Each Warrant entitles the holder to acquire one additional common share in the Company at a price of $0.18 per share until May 7, 2026. The proceeds from the Offering will be used to fund exploration activities at the Company's Nevada properties and for general working capital. In connection with the Offering the Company has paid aggregate cash finders' fees of $76,849.All securities issued pursuant to the Offering will be subject to a statutory four month and one day hold expiring on September 8, 2024.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.Ridgeline Minerals is a discovery focused precious and base metal explorer with a proven management team and a 192km2 exploration portfolio across five projects in Nevada, USA. The Company boasts two earn-in exploration agreements with Nevada Gold Mines at its Swift and Black Ridge projects, which are being aggressively explored by Nevada Gold Mines in 2024. More information about Ridgeline can be found at www.ridgelineminerals.com.On behalf of the Board\"Chad Peters\"President & CEOFurther Information:Ch...