Golden Ridge Resources Announces $2,100,000 Financing Including Strategic Investment from Eric Sprott
GOLDEN RIDGE RESOURCES LTD.
#335 – 1632 Dickson Avenue Kelowna, BC V1Y 7T2
T: 250-717.3151 F: 250-717.1845
www.goldenridgeresources.com
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
News Release
Golden Ridge Resources Announces $2,100,000 Financing Including Strategic
Investment from Eric Sprott
June 4, 2021 TSX-V: GLDN
GOLDEN RIDGE RESOURCES LTD. (TSX-V: GLDN) ("Golden Ridge" or the "Company") is pleased to
announce it intends to complete a best efforts non -brokered private placement financing for up to
$2,100,000 (the “Offering”), including a strategic investment by Eric Sprott.
The Offering will include up to 8, 400,000 units (each a “Unit”) at a price of $0.25 per Unit. Each Unit will
comprise of one common share and one-half of one common share purchase warrant (each whole warrant
at “Warrant”) of Company. Each Warrant will entitle the subscriber to purchase one additional common
share for a 24-month period from the date of issuance at an exercise price of $0.50 per common share.
Proceeds raised from the O ffering will be used for general working capital and to further the C ompany’s
Newfoundland project portfolio. The Offering remains subject to the approval of the TSX Venture Exchange.
All securities issued pursuant to the Offering will be subject to a statutory four month and one day hold
period from the date of issuance under applicable securities laws.
None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended,
and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration
requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Golden Ridge
Golden Ridge is a TSX-V listed exploration company engaged in acquiring and advancing mineral properties
located in Newfoundland and British Columbia . Golden Ridge is currently focused on exploration and
development of its portfolio of exploration assets in Newfoundla nd. The company owns a 100% interest in
the 1,700-hectare Hank copper-gold-silver-lead-zinc property and the 3,000- hectare Hickman copper-gold
property located in the Golden Triangle district, approximately 140 kilometres north of Stewart, British
Columbia and has a portfolio of exploration projects in Newfoundland.
ON BEHALF OF THE BOARD OF DIRECTORS OF
GOLDEN RIDGE RESOURCES LTD.
“Mike Blady”
Mike Blady
President and Chief Executive Officer
GOLDEN RIDGE RESOURCES LTD.
#335 – 1632 Dickson Avenue Kelowna, BC V1Y 7T2
T: 250-717.3151 F: 250-717.1845
www.goldenridgeresources.com
For more information regarding this news release, please contact:
Mike Blady, CEO and Director
T: 250-717.3151
F: 250-717.1845
W: www.goldenridgeresources.com
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 possib ility 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 Compa ny'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.