Golden Ridge Resources Announces Amendment to Agreement to Acquire Majority Interest in Brazilian Mining Producer MM Group Ltda.
GOLDEN RIDGE RESOURCES LTD.
301 – 1665 Ellis Street Kelowna, BC V1Y 2B3
T: 250-717.3151
www.goldenridgeresources.com
1375-9872-1302, v. 1
Golden Ridge Resources Announces Amendment to Agreement to
Acquire Majority Interest in Brazilian Mining Producer MM Group Ltda.
May 30, 2025 TSX-V: GLDN
GOLDEN RIDGE RESOURCES LTD. (TSX-V: GLDN) ("Golden Ridge" or the "Company") announces that it has entered into
an amending agreement dated May 15, 2025, with MM Group L tda. (“MMG”), Minas Mineracao Ltda. and certain
members of MMG (collectively, the “Vendors”), amending the terms of the share exchange agreement dated June 4, 2024
among the parties ( as amended, the “Share Exchange Agreement ”) to extend the outside date for completion of the
transactions contemplated in the Share Exchange Agreement to June 16, 2025.
Pursuant to the Share Exchange Agreement, it is anticipated that Golden Ridge will acquire 80% of the issued and
outstanding membership interests in MMG from the Vendors (the “ Proposed Transaction ”) in consideration of the
issuance of 500,000,000 common shares in the capital of Golden Ridge . If completed, the Proposed Transaction will
constitute a “Reverse Takeover” of Golden Ridge in accordance with Policy 5.2 – Changes of Business and Reverse
Takeovers of the TSX Venture Exchange (the “ Exchange”), with the resulting entity the continuing the business of MMG
under a name to be determined by the Company and MMG prior to the closing of the Proposed Transaction.
The completion of the Proposed Transaction remain s subject to a number of terms and conditions that are standard for
transactions of this nature, including, among other things , the approval of the Company’s shareholders and Exchange
acceptance. There can be no assurance that all of the necessary regulatory and shareholder approvals will be obtained
or that all conditions of closing will be met .
About Golden Ridge
Golden Ridge is a TSXV listed exploration company engaged in acquiring and advancing mineral properties located in
British Columbia and Newfoundland. 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.
The Company also own a 100% interest in the 1,550 -hectare Williams gold property, that is surrounded by New Found
Gold Corp’s Queensway South Gold Property 1 in the Central Newfoundland Gold Belt of the province of Newfoundland
and Labrador.
At the Company's request, trading in Golden Ridge’s shares was voluntarily halted in June 2024 upon the Company
entering into a definitive agreement with MMG. Trading is expected to remain halted until the completion or
abandonment of the proposed transaction.
1 This news release contains information about adjacent properties on which Golden Ridge has no right to explore or mine. Readers are cautioned
that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s properties
GOLDEN RIDGE RESOURCES LTD.
301 – 1665 Ellis Street Kelowna, BC V1Y 2B3
T: 250-717.3151
www.goldenridgeresources.com
1375-9872-1302, v. 1
ON BEHALF OF THE BOARD OF DIRECTORS OF
GOLDEN RIDGE RESOURCES LTD.
“Mike Blady”
Mike Blady
President and Chief Executive Officer
For more information regarding this news release, please contact:
Mike Blady, CEO and Director
T: 250-717.3151
W: www.goldenridgeresources.com
Completion of the Proposed Transaction is subject to a number of conditions, including but not limited to, Exchange
acceptance and if applicable pursuant to Exchange requirements, disinterested approval. Where applicable, the
Proposed Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that
the Proposed Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the Proposed
Transaction, any information released or received with respect to the Proposed Transaction may not be accurate or
complete and should not be relied upon.
Forward Looking Information
This press release contains “forward -looking information” within the meaning of applicable Canadian securities
legislation. Generally, forward -looking information can be identified by the use of forward -looking terminology such as
“plans”, “expects” or “do es not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates” or “does not anticipate”, or “believes”, or variations (including negative and grammatical variations) of
such words and phrases or state that certain acts, events or results “may”, “could”, “would”, “might” or “will be taken”,
“occur” or “be achieved”. Forward-looking information in this press release may include, without limitation, statements
relating to the Proposed Transaction , including the terms and the timing thereof, and all other statements that are not
historical in nature .
These statements are based upon assumptions that are subject to significant risks and uncertainties, including risks
regarding the mining industry, commodity prices, market conditions, general economic factors, management’s ability
to manage and to operate the business, and explore and develop its projects, and the equity markets generally. Because
of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or
performance of Golden Ridge may differ materially from those anticipated and indicated by these forward -looking
statements. Any number of factors could cause actual results to differ materially from these forward-looking statements
as well as future results. Although Golden Ridge believes that the expectations reflected in forward looking statements
are reasonable, they can give no assurances that the expectations of any forward -looking statements will prove to be
correct. Except as required by law, Golden Ridge disclaims any intention and assume no obligation to update or revise
GOLDEN RIDGE RESOURCES LTD.
301 – 1665 Ellis Street Kelowna, BC V1Y 2B3
T: 250-717.3151
www.goldenridgeresources.com
1375-9872-1302, v. 1
any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes
in assumptions, changes in factors affecting such forward -looking statements or otherwise.
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 press release.