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An update from Riverside Resources ( (TSE:RRI) ) is now available.
Riverside Resources Inc. has announced the filing of its management information circular in preparation for a special meeting to approve a spinout transaction with Blue Jay Gold Corp. If approved, this arrangement will allow Riverside shareholders to hold shares in both Riverside and Blue Jay, with Blue Jay planning to list on the TSX Venture Exchange. This transaction, involving Blue Jay’s gold projects in Northwestern Ontario, is seen as beneficial for Riverside shareholders and is supported by the company’s board of directors.
More about Riverside Resources
Riverside Resources Inc. is a company involved in the exploration and development of mineral properties, primarily focusing on gold projects. The company operates in the mining industry and is known for its strategic partnerships and project generation.
YTD Price Performance: 25.00%
Average Trading Volume: 47,738
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$11.22M
See more insights into RRI stock on TipRanks’ Stock Analysis page.
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