Golden Ridge is pleased to provide an update on its previously announced acquisition of an 80% interest in MM Group Ltda. (“MMG”). The Company and MMG continue to work diligently towards the completion of the proposed transaction, which would, if completed, result in a reverse takeover of the Company by MMG.
GOLDEN RIDGE RESOURCES LTD. (TSX-V: GLDN) (“Golden Ridge” or the “Company”) is pleased to announce it has entered into a definitive agreement (the “Share Exchange Agreement”) dated June 5, 2024 with MM Group LTDA. (“MMG”), Minas Mineração Ltda. (“Minas”) and certain members of MMG (collectively, the “Vendors”) pursuant to which it will acquire an 80% interest in MMG in consideration of the issuance of common shares in the capital of Golden Ridge (the “Golden Shares”) to the Vendors (the “Proposed Transaction”).
Kelowna, British Columbia – April 2, 2024 – Golden Ridge Resources Ltd. (“Golden Ridge” or “the Company”) (TSXV: GLDN) is pleased to announce the final assay results from the 2023 Phase II drilling campaign at the Williams Gold Property (“Williams” or “the Property”) within the Appleton and Dog Bay Fault Corridors (Figure 1). Golden Ridge has continued to generate encouraging results at the Property with recent assays recording mineralization up to 24.65 meters grading 2.22 g/t Au. The Williams Project is surrounded by New Found Gold Corp (NFGC)’s Queensway Gold Property where NFGC is currently undertaking a 650,000 meter drill program (Figure 2).1