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Golden Ridge Resources Ltd ( (TSE:GLDN) ) has shared an update.
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 transaction to May 15, 2025. The proposed transaction involves Golden Ridge acquiring 80% of MMG’s membership interests in exchange for 500 million common shares, constituting a reverse takeover. The transaction is subject to shareholder and regulatory approvals, and trading in Golden Ridge’s shares remains halted until the transaction’s completion or abandonment.
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 the Central Newfoundland Gold Belt.
Technical Sentiment Signal: Buy
Current Market Cap: C$2.34M
Learn more about GLDN stock on TipRanks’ Stock Analysis page.