Ridgestone Announces Share Consolidation
RIDGESTONE MINING INC. [email protected]
503 – 905 West Pender Street, Vancouver, BC V6C 1L6 www.ridgestonemining.com
TSX.V: RMI
OTCQB: RIGMF
FRA: 4U5
RIDGESTONE ANNOUNCES SHARE CONSOLIDATION
VANCOUVER, BC / January 5, 2023 / Ridgestone Mining Inc. ( TSX.V: RMI) (OTCQB: RIGMF)
(FRA:4U5) ("Ridgestone" or the " Company") announces that following shareholder approval of a
consolidation of the common shares of the Company (the " Common Shares") at the annual general and
special meeting of shareholders of the Company held on December 2, 2022, the Company's issued and
outstanding Common Shares will be consolidated on the basis of twenty (20) pre-consolidation Common
Shares for one (1) post -consolidation Common Share of the Company (the " Consolidation"). The TSX
Venture Exchange has also approved the Consolidation. The Company's Common Shares are expected to
begin trading on a post-consolidation basis on the TSX Venture Exchange on or about January 9, 2023 (the
"Effective Date"). Following the Consolidation, the new CUSIP number for the Common Shares will be
76611L203 and the new ISIN for the Common Shares will be CA76611L2030.
As a result of the Consolidation, the 106,024,696 Common Shares issued and outstanding prior to the
Consolidation have been reduced to approximately 5,301,135 Common Shares. Each shareholder's
percentage ownership in the Company and proportional voting power remains unchanged after the
Consolidation, except for minor changes and adjustments resulting from the treatment of any resulting
fractional Common Shares. The Company will not be issuing fractional post -Consolidation Common
Shares. Where the Consolidation would otherwise result in a shareholder being entitled to a fractional
Common Share, the number of post -Consolidation Common Shares issued to such shareholder shall be
rounded up to the nearest whole number of Common Shares if 0.5 or greater. Fractional Common Shares
of less than 0.5 will be cancelled.
The Company's transfer agent, Odyssey Trust Company (" Odyssey"), will act as the exchange agent for
the Consolidation. In connection with the Consolidation, Ody ssey is sending a letter of transmittal to
registered shareholders which will enable them to exchange their old share certificates for new share
certificates, or alternatively, a Direct Registration System (" DRS") Advice/Statement, representing the
number of new post-Consolidation Common Shares they hold, in accordance with the instructions provided
in the letter of transmittal. Shareholders holding their Common Shares through intermediaries (ie.
Securities brokers, dealers, etc.) will not need to complete a letter of transmittal and should contact their
intermediary representative with questions and procedures for processing the Consolidation.
About Ridgestone Mining Inc.
Ridgestone Mining has assembled a highly -experienced and dynamic team to explore and advance its
projects in Mexico. The Guadalupe y Calvo gold -silver project, for which Ridgestone can earn a 100%
interest, is host to an Indicated Resource of 356,000 gold -equivalent ounces plus an Inferred Resource of
460,000 gold-equivalent ounces. Ridgestone's 100%-owned Rebeico copper -gold project has highgrade
copper and gold pervasive througho ut the property with highlights including 1.56% copper plus 1.80 g/t
gold intersected over 19.3 metres from surface at the New Year Zone and 2.78% copper plus 8.69 g/t gold
over 2.0 metres from the Alaska Vein.
For further information, please contact:
Rad Rajaram - Manager Corporate Relations and Business Development
Telephone: 416-732-0604
RIDGESTONE MINING INC. [email protected]
503 – 905 West Pender Street, Vancouver, BC V6C 1L6 www.ridgestonemining.com
TSX.V: RMI
OTCQB: RIGMF
FRA: 4U5
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 a re not limited to any ongoing drilling programs, timing of such programs, or exploration
results. 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 wil l obtain from them. These forward looking statements reflect management's current views
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,
including those described in the Company's regulatory filings available onwww.sedar.com. Should one or more of these risks or
uncertainties materialize, or should any of the Company's assumptions prove incorrect, 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. Un predictable 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 s tatements. Except as required by law, the Company assumes no obligation to update forward -
looking statements should circumstances or management's estimates or opinions change.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that te rm is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.