8F, No. 38, Lane 38, Jin-Xi Street Taipei, Da Tong District, Taiwan RIDGESTONE MINING TO PROCEED WITH 2:1 FORWARD SPLIT
Ridgestone Mining Inc.
8F, No. 38, Lane 38, Jin-Xi Street
Taipei, Da Tong District, Taiwan
RIDGESTONE MINING TO PROCEED WITH 2:1 FORWARD SPLIT
May 7, 2018 – Ridgestone Mining Inc . (TSX Venture -RMI) (the " Company" or
"Ridgestone"), is pleased to announce that it will proceed with its proposed forward stock
split on a two -for-one basis (the " Forward Split"). The record date of the Forward Split
will be May 14, 2018.
Management of the Company believes that the Forward Split will provide increased
liquidity to shareholders and flexibility to seek additional financing opportunities and/or
to pursue strategic transactions.
The Forward Split will result in the Company's current issued and outstanding share
capital of 8,646,000 shares, as of the date of this ne ws release, being increased to
17,292,000 issued and outstanding shares. The Forward Split is being conducted on a
push-out basis. The Company's CUSIP number and trading symbol will remain the same.
Shareholders of the Company do not need to take any acti on with respect to the Forward
Split. The Company's transfer agent will send registered shareholders a share certificate
representing the additional number of shares to be received as a result of the Forward
Split.
For further information, please contact:
Erwin Wong
Chief Financial Officer and Corporate Secretary
Ridgestone Mining Inc.
Telephone: 604-377-8758
About the Company
Ridgestone Mining Inc. is engaged in the business of mineral exploration and holds an
option to acquire a 100% interest in the C imarron Gold Property located in Nye County,
Nevada, USA.
Neither 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.
This news release contains forward -looking statements or information (collectively referred to herein as
"forward-looking statements"). Such statements are subject to risks and uncertainties that may cause actual
results, performance or developments to differ materially from those contained in the statements and are not
guarantees of future performance of the Company . In this news release such statements include but are not
limited to the completion of the Forward-Split and the benefits to be derive d therefrom. No assurance can
be given that any of the events anticipated by the forward- looking statements will occur or, if they do occur,
what benefits the Company will obtain from them. These forward -looking statements reflect management's
current view s and are based on certain expectations, estimates and assumptions which may prove to be
incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those
expressed or implied by the forward -looking statements, i ncluding those described in the Company 's
Prospectus dated February 9, 2018 available on www.sedar.com . Should one or more of these risks or
uncertainties materialize, or should any of the Company 's assumptions prove i ncorrect, actual results may
vary in material respects from those projected in the forward- looking statements. Readers are cautioned
that the foregoing list of risks, uncertainties and other factors is not exhaustive. Unpredictable or unknown
factors not discussed could also have material adverse effects on forward- looking statements. The impact of
any one factor on a particular forward- looking statement is not determinable with certainty as such factors
are dependent on other factors, and the Company 's course of action would depend on its assessment of the
future considering all information then available. All forward- looking statements in this news release are
expressly qualified in their entirety by these cautionary statements. Except as required by law, the Company
assumes no obligation to update forward- looking statements should circumstances or management's
estimates or opinions change.