Golden Ridge Resources Ltd (TSE:GLDN) has released an update.
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Golden Ridge Resources Ltd. has entered into a credit facility agreement to advance up to $950,000 to MM Group Ltda., as part of its strategic acquisition of an 80% interest in the company. The loan, secured against MMG’s assets, carries an 8% interest rate and is expected to see an initial advance of $250,000 by mid-December 2024. This move highlights Golden Ridge’s commitment to expanding its interests in mineral properties while its stock trading remains halted pending the completion of this transaction.
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