Business
Riverside Resources Receives Final Court Approval for Spin-Out of Blue Jay
Vancouver, British Columbia--(Newsfile Corp. - April 4, 2025) - Riverside Resources Inc. (TSXV: R...
About this update from Riverside Resources Inc
[{"type":"text","content":"Riverside Resources Receives Final Court Approval for Spin-Out of Blue JayVancouver, British Columbia--(Newsfile Corp. - April 4, 2025) - Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) (\"Riverside\" or the \"Company\"), is pleased to announce that the Supreme Court of British Columbia has granted the final order on April 3, 2025 in connection with the previously announced plan of arrangement (the \"Arrangement\") under the Business Corporations Act (British Columbia) involving the spin-out of its equity interest in its subsidiary Blue Jay Gold Corp. (\"Blue Jay\").The transaction remains subject to final approval by the TSX Venture Exchange and is expected to be completed in the second quarter of 2025 upon completion of all required filings and approvals. The common shares in the capital of Blue Jay are expected to be listed on the TSXV following completion of the Arrangement. Additional details about the Arrangement are included in the Company's management information circular dated February 18, 2025, available on Riverside's SEDAR+ profile at www.sedarplus.ca and on the Company's website at www.rivres.com.About Riverside Resources Inc.Riverside is a well-funded exploration company driven by value generation and discovery. The Company has over $4M in cash, no debt and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside's own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has properties available for option, with information available on the Company's website at www.rivres.com. For additional information contact:John-Mark StaudePresident, CEORiverside Resources Inc. [email protected]: (778) 327-6671Fax: (778) 327-6675Web: www.rivres.comEric NegraeffInvestor RelationsRiverside Resources Inc.Phone: (778) 327-6671TF: (877) RIV-RES1Web: www.rivres.com Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use ...