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Golden Ridge Resources Completes RTO; Set to Begin Trading on TSX Venture Exchange on October 19th
Vancouver, British Columbia (FSCwire) - Golden Ridge Resources Ltd. (formerly 88 Capital Corp.) (TSX.V: GLDN) (the “Company” or “Golden Ridge”) is pleased to an
About this update from Golden Ridge Resources Ltd.
[{"type":"text","content":"Vancouver, British Columbia (FSCwire) - Golden Ridge Resources Ltd. (formerly 88 Capital Corp.) (TSX.V: GLDN) (the “Company” or “Golden Ridge”) is pleased to announce that it has completed its reversed takeover transaction (the \"RTO\") with Golden Ridge Resources Ltd. (“GRR”), and the concurrent non-brokered private placement (the \"Offering\") of the Company, previously announced pursuant to a press release dated September 1, 2017. On closing of the RTO, the Company acquired all of the issued and outstanding shares of GRR, an arms' length private British Columbia corporation which holds an option to earn a 100-per-cent interest in the 1,700-hectare Hank gold-silver-copper property located in the Golden Triangle district, approximately 140 kilometres north of Stewart, British Columbia. The RTO was conducted pursuant to a share exchange agreement effective July 18, 2017 and, in connection with the RTO, the shareholders of GRR received 16,154,012 common shares in the capital of Golden Ridge at a deemed price of $0.10 per share on a pro-rata basis. The Company will resume trading on the TSX Venture Exchange on Thursday, October 19, 2017 under the symbol \"GLDN\". Additional information concerning the RTO and the Offering can be found in the Company's Filing Statement which is available from the Company's profile on SEDAR, at www.sedar.com. Resignation of Officers and Directors The Company wishes to announce the resignations of officers Elston Johnston, CEO, and Anthony Jackson, CFO, effective September 7, 2017. The Company also wishes to announce the resignations of Directors Konstantin Lichtenwald and Anthony Jackson, effective September 7, 2017. The Company wishes to thank them for their efforts and wishes them well in future endeavours. Appointment of Officers and Directors In conjunction with the completion of the RTO, Michael Blady has been appointed Chief Executive Officer and Director, Lawrence Nagy has been appointed Executive Chairman and Director, and Terese Gieselman has been appointed Chief Financial Officer and Director of the Company. William Lindqvist has been appointed as Director of the Company. Lawrence Nagy, B.A. Geology, Executive Chairman and Director Mr. Nagy obtained a B.A degree in Geological Sciences from the University of Saskatchewan in 1966. Mr. Nagy provides broad international exploration experience f...