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An announcement from Golden Ridge Resources Ltd ( (TSE:GLDN) ) is now available.
Golden Ridge Resources Ltd. has amended its agreement to acquire a majority interest in Brazilian mining producer MM Group Ltda. The amendment extends the completion date of the share exchange agreement to April 15, 2025. The proposed transaction involves Golden Ridge acquiring 80% of MMG’s membership interests, which would result in a reverse takeover of Golden Ridge. This transaction is subject to regulatory and shareholder approvals, and trading of Golden Ridge’s shares remains halted until the transaction is completed or abandoned.
More about Golden Ridge Resources Ltd
Golden Ridge Resources Ltd. is a TSXV listed exploration company focused on acquiring and advancing mineral properties in British Columbia and Newfoundland. The company holds a 100% interest in the Hank copper-gold-silver-lead-zinc property in the Golden Triangle district of British Columbia and the Williams gold property in Newfoundland.
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$2.34M
For an in-depth examination of GLDN stock, go to TipRanks’ Stock Analysis page.