GOLDEN RIDGE RESOURCES LTD. (TSX-V: GLDN) ("Golden Ridge" or the "Company") is pleased to announce that Mr. Duane Lo has been appointed to its Board of Directors.
Duane Lo is a financial executive in the mining industry with 20 years of experience in financing, business development, management and administration of mining operations and development projects in multiple jurisdictions including USA, Africa, Brazil, Mongolia. Currently, Mr. Lo is the Chief Financial Officer of Entrée Resources Ltd and recently was the CFO of Mason Resources Corp, which was sold to Hudbay. Prior to Entrée Resources Ltd. and Mason Resources Corp., Mr. Lo was the Executive Vice President and Chief Financial Officer of Luna Gold Corp., which built and operated a gold mine in Brazil and previous to Luna, was the Corporate Controller for First Quantum Minerals Ltd. between 2004 and 2009. Mr. Lo was also employed at Deloitte in the assurance and advisory practice and holds a Canadian Chartered Professional Accountant (CA) designation from the Institute of Chartered Accountants of British Columbia
Pursuant to the Company’s Stock Option Plan, the Board of Directors have approved the grant of incentive stock options to certain directors, officers and consultants of the Company to purchase up to an aggregate of 2,000,000 common shares in the capital stock of the Company (the “Options”). The Options are exercisable at a price of $0.12 per share for a period of five years from the date of grant.
About Golden Ridge
Golden Ridge is a TSX-V listed exploration company engaged in acquiring and advancing mineral properties located in British Columbia. Golden Ridge owns a 100% interest in the 1,700-hectare Hank copper-gold-silver-lead-zinc property located in the Golden Triangle district, approximately 140 kilometres north of Stewart, British Columbia.
ON BEHALF OF THE BOARD OF DIRECTORS OF
GOLDEN RIDGE RESOURCES LTD.
President and Chief Executive Officer
For more information regarding this news release, please contact:
Mike Blady, CEO and Director
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including: that the Company's financial condition and development plans do not change as a result of unforeseen events, that the Company obtains required regulatory approvals, that the Company continues to maintain a good relationship with the local project communities. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, which could result in delays, or cessation in planned work, that the Company's financial condition and development plans change, delays in regulatory approval, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company's expectations, as well as the other risks and uncertainties applicable to mineral exploration and development activities and to the Company as set forth in the Company's Management’s Discussion and Analysis reports filed under the Company's profile at www.sedar.com. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.