An Offer of the Securities Described Herein Riverside Resources Inc. Offering Oversubscribed BY $416,552
1110 – 1111 West Georgia Street, Vancouver, BC, V6E 4M3 Tel: (778) 327-6671
TSX-V: RRI
PRESS RELEASE Pink Sheets: RVSDF
Frankfurt: R99
THIS NEWS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE
AN OFFER OF THE SECURITIES DESCRIBED HEREIN
RIVERSIDE RESOURCES INC. OFFERING OVERSUBSCRIBED BY $416,552
March 13, 2017 – Vancouver, BC: Riverside Resources Inc. ("Riverside" or the
"Company") (TSX -V: RRI ) is pleased to announce that its previously announced private
placement of up to 5,500,000 units at $0.55 per unit has been oversubscribed. The Company has
now closed subscriptions at 6,257,367 units for total proceeds of $3,441,552, an oversubscription
of 757,367 units and $416,552.
Each unit will consist of one common share and one -half of one common share purchase
warrant. Each whole common share purchase warrant will be exercisable into one common share
for a period of two (2) years from closing at a price of $0.85 per share. The term of the warrants
is subject to an accelerated exercise provision that triggers a shortened exercise period in the
event that the Company’s shares trade at $1.15 or higher for 15 consecutive trading days after the
expiry of four months from the issuance of the warrant but prior to the expiry of the first year of
the warrant term.
Closing of the private placement is subject to TSX Venture Exchange approval, which has been
applied for on March 10, 2017. The Company intends to use the proceeds of the private
placement for a first phase exploration program at the Company’s Cecilia Gold Project, for
further property acquisitions and general working capital purposes.
Management, directors, advisors and insiders subscribed for a total of 445,500 units for $267,025
in total proceeds.
3,000 units and $124,785.11 will be paid as finders’ fees with respect to a portion of the funds
raised.
The securities offered have not been and will not be registered under the U.S . Securities Act of
1933, as amended, and may not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements.
About Riverside Resources Inc.:
Riverside is a well -funded exploration company focused on creating value by leveraging the
strengths of its technical and business teams to acquire gold and silver projects and develop high-
potential drill targets that lead to new discoveries. The Company structures partnerships on many
of its projects to reduce risk and generate multiple discovery chances across the Company’s
portfolio. Following closing of the private placement, t he Company will have approximately
$6,500,000 in the treasury and less than 44 ,000,000 shares outstanding. Riverside has additional
properties available for option with more information available on the Company’s website
at www.rivres.com.
ON BEHALF OF RIVERSIDE RESOURCES INC.
"John-Mark Staude"
Dr. John-Mark Staude, President & CEO
For additional information contact:
John-Mark Staude
President, CEO
Riverside Resources Inc.
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com
Joness Lang
VP, Corporate Development
Riverside Resources Inc.
Phone: (416) 883-9972
Fax: (778) 327-6675
Web: www.rivres.com
Certain statements in this press release may be considered fo rward-looking information. These statements can be
identified by the use of forward looking terminology (e.g., "expect”,” estimates", "intends", "anticipates",
"believes", "plans"). Such information involves known and unknown risks -- including the availability of funds, the
results of financing and exploration activities, the interpretation of exploration results and other geological data, or
unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may
cause actual events to differ ma terially from current expectations. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date of this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as tha t term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.