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Golden Ridge Resources Announces $2,100,000 Financing Including Strategic Investment from Eric Sprott
(TheNewswire) June 4, 2021 – TheNewswire - GOLDEN RIDGE RESOUR...
About this update from Golden Ridge Resources Ltd.
[{"type":"text","content":"Golden Ridge Resources Announces $2,100,000 Financing Including Strategic Investment from Eric Sprott\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n June 4, 2021 –\n \n \n TheNewswire -\n \n \n GOLDEN RIDGE RESOURCES LTD. (TSXV:GLDN)\n \n \n (OTC:GORIF)\n \n \n (\"\n \n \n Golden\nRidge\n \n \n \" or the \"\n \n \n Company\n \n \n \")\n \n \n is pleased to announce\n \n \n it\nintends to complete a best efforts non-brokered private placement\nfinancing for up to\n \n \n $2,100,000 (the\n“\n \n \n Offering\n \n \n ”), including a strategic investment by Eric Sprott.\n \n \n \n \n The Offering will include up to 8,400,000 units (each a\n“Unit”) at a price of $0.25 per Unit.  Each Unit will comprise of\none common share and one-half of one common share purchase warrant\n(each whole warrant at “\n \n \n Warrant\n \n \n ”) of Company. Each Warrant will\nentitle the subscriber to purchase one additional common share for a\n24-month period from the date of issuance at an exercise price of\n$0.50 per common share.\n \n \n \n \n Proceeds raised from the Offering will be used for\ngeneral working capital and to further the Company’s Newfoundland\nproject portfolio.\n \n \n The Offering remains subject\nto the approval of the TSX Venture Exchange.\n \n \n \n \n All securities issued pursuant to the Offering will be\nsubject to a statutory four month and one day hold period from the\ndate of issuance under applicable securities laws.\n \n \n \n \n None of the securities sold in\nconnection with the Offering will be registered under the United\nStates Securities Act of 1933, as amended, and no such securities may\nbe offered or sold in the United States absent registration or an\napplicable exemption from the registration requirements. This news\nrelease shall not constitute an offer to sell or the solicitation of\nan offer to buy nor shall there be any sale of the securities in any\njurisdiction in which such offer, solicitation or sale would be\nunlawful.\n \n \n \n \n About Golden\nRidge\n \n \n \n \n Golden Ridge\n \n \n is a TSX-V listed\nexploration company engaged in acquiring and advancing mineral\nproperties located in Newfoundland and British Columbia\n \n \n .  Golden Ridge is currently focused on exploration and\ndevelopment of its portfolio of exploration as...