Business
GOLDEN RIDGE RESOURCES Commences Exploration at the Williams Gold Property
(TheNewswire) Kelowna, British Columbia – TheNewswire - June 1...
About this update from Golden Ridge Resources Ltd.
[{"type":"text","content":"GOLDEN RIDGE RESOURCES Commences Exploration at the Williams Gold Property\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Kelowna, British Columbia –\n \n \n TheNewswire -\n \n \n June 16, 2022 -\n \n \n Golden Ridge Resources Ltd. (“Golden\nRidge” or “the Company”) (TSXV:GLDN)\n \n announces further to\nits news release of June 10, 2022 it has received consent from the TSX\nVenture Exchange to extend the\n \n expiry date of 6,984,167\noutstanding share purchase warrants that were issued pursuant to a\nprivate placement completed in July 2020 (the “\n \n \n 2020 Warrants\n \n \n ”). As\npreviously announced the 2020 Warrants were to expire July 24, 2022.\nThe new expiry date for the 2020 Warrants is July 24, 2023 (the\n“\n \n \n New Expiry Date\n \n \n ”). Each 2020 Warrant entitles the holder to purchase one\ncommon share (a \"\n \n \n Common\nShare\n \n \n \") in the capital of the Company at a\nprice of $0.25 per Common Share until the New Expiry Date.\n \n \n \n \n The 2020 Warrants do not include 205,559 warrants that\nwere issued to finders or agents which shall expire on July 24, 2022.\n \n \n \n \n Certain of the 2020 Warrants are held by parties who\nare considered to be related parties of the company. Therefore, the\namendment of the related party warrants constitutes a related party\ntransaction as contemplated by Multilateral Instrument 61-101 --\nProtection of Minority Shareholders in Special Transactions, and TSX-V\nPolicy 5.9 -- Protection of Minority Shareholders in Special\nTransactions. However, the exemptions from formal valuation and\nminority approval requirements provided for by these guidelines can be\nrelied upon because neither the fair market value of the related party\nwarrants nor the fair market value of the consideration paid for the\nrelated party warrants exceeds 25% of the market capitalization of the\nCompany.\n \n \n \n \n Holders of warrants will not receive an amended warrant\ncertificate, and will be required to submit their original\nwarrant certificate in order to exercise warrants.\n \n \n \n \n About Golden Ridge Resources:\n \n \n \n Golden Ridge is a TSX-V listed exploration company engaged in\nacquiring and advancing mineral properties located in Newfoundland and\nBritish Columbia.  Golden Ridge is currently foc...