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The latest update is out from Golden Ridge Resources Ltd ( (TSE:GLDN) ).
Golden Ridge Resources Ltd. has announced a proposed C$2-million private placement to support its acquisition of a majority interest in Brazilian mining producer MM Group Ltda. This move is part of a reverse take-over transaction that will see the company’s shares listed on the TSX Venture Exchange. The funds raised will be used for the working capital requirements of the resulting issuer, positioning Golden Ridge for growth and enhancing its market presence in the mining industry.
More about Golden Ridge Resources Ltd
Golden Ridge Resources Ltd. is a company operating in the mining industry, focusing on acquiring and developing mining projects. The company is actively involved in expanding its market presence through strategic acquisitions, particularly in the Brazilian mining sector.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$2.34M
For a thorough assessment of GLDN stock, go to TipRanks’ Stock Analysis page.