Riverside Resources Secures Court Approval for Blue Jay Spin-Out

An announcement from Riverside Resources ( (TSE:RRI) ) is now available.

Riverside Resources Inc. has received final court approval from the Supreme Court of British Columbia for the spin-out of its subsidiary, Blue Jay Gold Corp. The transaction, pending final approval from the TSX Venture Exchange, is expected to be completed in the second quarter of 2025. This strategic move allows Riverside to focus on its core exploration activities while potentially enhancing shareholder value through the separate listing of Blue Jay’s shares.

More about Riverside Resources

Riverside Resources Inc. is a well-funded exploration company focused on value generation and discovery in the mining industry. The company holds a strong portfolio of gold-silver and copper assets and royalties in North America, with operations primarily in Mexico and Canada. Riverside leverages its extensive database to generate prospective mineral properties and diversifies risk through joint-venture and spin-out partnerships.

YTD Price Performance: 50.0%

Average Trading Volume: 57,551

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$13.46M

See more data about RRI stock on TipRanks’ Stock Analysis page.