Riverside Resources to Spin Out Blue Jay Gold Following Shareholder Approval

Riverside Resources ( (TSE:RRI) ) just unveiled an announcement.

Riverside Resources Inc. announced the approval of its plan to spin out its subsidiary, Blue Jay Gold Corp., following a successful shareholder vote. This strategic move allows Riverside to concentrate on its core operations, while Blue Jay will focus on gold exploration in northwestern Ontario, a region with significant mining potential. The spin-out is expected to enhance shareholder value by enabling both companies to pursue focused strategies, with Blue Jay anticipated to list on the TSX Venture Exchange.

More about Riverside Resources

Riverside Resources Inc. operates in the mining industry, focusing on royalty generation and project generation targeting gold, copper, and rare earth elements in the Americas.

YTD Price Performance: 50.0%

Average Trading Volume: 59,894

Technical Sentiment Signal: Sell

Current Market Cap: C$14.21M

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