Golden Ridge Completes Final Tranche of Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
GOLDEN RIDGE COMPLETES FINAL TRANCHE OF PRIVATE PLACEMENT
Kelowna, British Columbia – December 29, 2017 - Golden Ridge Resources Ltd. (“Golden Ridge” or the
“Company”) (TSXV: GLDN) announces it has completed the second and final tranche (“Final Tranche”) of
its non -brokered private placement announced on December 14, 2017 and increased in size on
December 20, 2017 (the “Offering”). The Company has closed the Final Tranche effective December 29,
2017 by issuing 3 ,425,000 common shares of the Company that qualify as flow -through shares for
purposes of the Income Tax Act (Canada) (“FT Shares”) at issue price of $0.20 p er FT Share for further
gross proceeds of $685,000.
In total the completed Offering included, an aggregate 7,500,000 FT Shares for gross proceeds of
$1,500,000.
In connection with the Final Tranche the Company paid aggregate finders’ fees of $38,100 cash and
issued to finders an aggregate 190,500 warrants at an exercise price of $0.25 (collectively the “Final
Tranche Finder Warrants”). Each Final Tranche Finder Warrant entitles the holder to purchase a
common share of the Company at a purchase price of $0.25 until December 29, 2018.
The shares issued under the Final Tranche and any shares issued on exercise of the Final Tranche Finders
Warrants, will be subject to restrictions on transfer until April 30, 2018.
The initial tranche of the Offering which closed effective December 22, 2017 consisted of 4,075,000 FT
Shares for gross proceeds of $815,000 (“Tranche 1”).
In connection with Tranche 1 the Company paid aggregate finders’ fees of $45,000 cash and issued to
finders an aggregate 225,000 warrants at an exer cise price of $0.25 (collectively the “Finder Warrants”).
Each Finder Warrant entitles the holder to purchase a common share of the Company at a purchase
price of $0.25 until December 22, 2018.
The shares issued under Tranche 1 and any shares issued on e xercise of the Finders Warrants, will be
subject to restrictions on transfer until April 23, 2018.
The proceeds will be used by the Company for exploration activities on it Hank Property located in
British Columbia.
The FT Shares have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities
laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent
registration or any a pplicable exemption from the registration requirements of the U.S. Securities Act and
applicable U.S. state securities laws.
About Golden Ridge Resources:
Golden Ridge is a TSX -V listed exploration company engaged in acquiring and advancing mineral
properties located in British Columbia. Golden Ridge currently has an option to acquire a 100% interest
in the 1,700 -hectare Hank gold -silver-lead-zinc property located in the Golden Triangle district,
approximately 140 kilometres north of Stewart , British Col umbia. Golden Ridge may earn the 100%
interest by performing $1.7M of exploration work by the end of 2018.
For more information please contact:
Golden Ridge Resources Ltd.
Mike Blady
Chief Executive Officer
Tel: (250) 768-1168
Website: www.goldenridgeresources.com
Cautionary Statement Regarding Forward Looking Statements
This release includes certain statements that may be deemed to be "forward -looking statements". All
statements in this release, other than statements of historical facts, that address events or developments
that management of the Company expects, are forward-looking statements. Although management believes
the expectations expressed in such forward -looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance, and actual results or developments may differ
materially from those in the forward -looking statements. The Company undertakes no obligation to update
these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should
change. Factors that could cause actual results to differ materially from those in forward-looking statements,
include market prices, exploration and development suc cesses, continued availability of capital and
financing, and general economic, market or business conditions. Please see the public filings of the Company
at http://www.sedar.com/ for further information.