Ridgestone Makes Strategic Appointment of Dr. Andrew J. Ramcharan to Its Advisory Board
Ridgestone Makes Strategic Appointment of
Dr. Andrew J. Ramcharan to Its Advisory
Board
Vancouver, British Columbia--(Newsfile Corp. - August 4, 2020) - Ridgestone Mining Inc. (
TSXV: RMI
)
(
OTCQB: RIGMF
) (
FSE: 4U5
) ("Ridgestone") is pleased to announce the appointment of Dr. Andrew
Ramcharan to its Advisory Board.
Dr. Ramcharan has an extensive background in exploration, project evaluation, investment banking and
corporate development spanning over twenty years. Dr. Ramcharan is currently Executive Vice
President, Corporate Development for Roscan Gold where he has been instrumental in raising over $18
million and a five-fold increase in market valuation of over $100 million in the last six months.
In a similar role with IAMGOLD Corp as Manager of Corporate Development, Dr. Ramcharan was
involved with raising over $600 million in equity and over $800 million in project acquisitions. Dr.
Ramcharan has also held senior investment banking roles, including Sprott Resource and Resource
Capital Funds, where he performed over 300 project evaluations and numerous debt and equity
financings valued over $1 billion.
Dr. Ramcharan holds a Ph.D. and M.Sc. in Mining Engineering and Mineral Economics, and attended
the Colorado School of Mines, University of Leoben, and Harvard Busines School Continuing Education
Program. Dr. Ramcharan is a P.Eng in Ontario, a Registered Member of The Society for Mining,
Metallurgy and Exploration (SME) in USA, a Fellow of both The Australasian Institute of Mining and
Metallurgy (AusIMM) and The South African Institute of Mining and Metallurgy (SAIMM).
Mr. Jonathan George, CEO, commented "We are very excited to have someone of Andrew's caliber join
the team to add value to all stake holders. His extensive background and experience in both technical
and capital markets will aid us as we advance our Rebeico project and evaluate prospective
opportunities in Mexico."
"Ridgestone Mining's future is compelling and exciting," said Dr. Andrew Ramcharan. "The Company's
exploration program is off to a great start and has a great team to take the Company to a new level in a
short time. With positive drill results and news flow, this promises to be a very exciting year for all
shareholders."
In connection with his appointment, Dr. Ramcharan has been granted 500,000 incentive stock options
("Options"). Each Option allows him to acquire one common share of the Company at an exercise price
of $0.15 for a period of 5 years from issuance.
About Ridgestone Mining Inc.
Ridgestone is a Canadian mineral exploration company focused on its wholly-owned, high-grade
Rebeico gold-copper project located in Sonora, Mexico.
For further information, please contact:
MarketSmart Communications Inc.
Telephone: 877-261-4466
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 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 will 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
on
www.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.
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.
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.
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https://www.newsfilecorp.com/release/60963