Gold Ridge to Close Initial Public Offering

Mr. David Heighington, a Director of Gold Ridge Exploration Corp. (TSX
VENTURE:GEA) (the "Corporation") announces the Corporation has raised $675,000
pursuant to an initial public offering consisting of the issuance of 4,500,000
common shares which will close on May 3, 2012. The Corporation's common shares
will be listed and posted for trading on the TSX Venture Exchange on or about
May 3, 2012 under the symbol "GEA". The Corporation has granted an aggregate of
760,000 stock options to directors and officers of the Corporation and which are
exercisable on or before July 31, 2016 at an exercise price of $0.15 per common
share. 


Wolverton Securities Ltd. (the "Agent") acted as lead agent for the
Corporation's Offering. As compensation to the Agent for services in connection
with the Offering, the Corporation has paid a cash fee of $67,500 which
represents the consideration for the commissions payable, $15,000 (plus GST) for
the balance of the corporate finance fee, and issued 450,000 broker options
entitling the Agent and its sub-agents to acquire an aggregate of 450,000 Shares
at an exercise price of $0.15 per share which expire 24 months from the closing
date. 


The Corporation's initial objective is to proceed with the recommended
exploration program on the Tahsis Property located in the Nanaimo Mining
division on Northern Vancouver Island, British Columbia. 


The Corporation is a mineral exploration company, focusing on the exploration
and discovery of economic precious and base metals properties of merits. Its
business consists of the acquisition, exploration and development of mineral
properties.


Forward-Looking Statements

Certain information included herein is forward-looking. Forward-looking
statements include, without limitation, statements regarding the future
financial position, business strategy, budgets, projected costs, capital
expenditures, financial results, taxes and plans and objectives of or involving
the Corporation. Many of these statements can be identified by looking for words
such as "believe", "expects", "expected", "will", "intends", "projects",
"anticipates", "estimates", "continues", or similar words and include but are
not limited to, statements regarding the accretive effects of the acquisition
and the anticipated results and expected benefits of the acquisition upon
closing thereof. The Corporation believes the expectations reflected in such
forward-looking statements are reasonable but no assurance can be given that
these expectations will prove to be correct and such forward-looking statements
should not be unduly relied upon. Forward-looking statements are not guarantees
of future performance and involve a number of risks and uncertainties some of
which are described in the Corporation's continuous disclosure documents. Such
forward-looking statements necessarily involve known and unknown risks and
uncertainties and other factors, which may cause the Corporation's actual
performance and financial results in future periods to differ materially from
any projections of future performance or results expressed or implied by such
forward-looking statements. Such factors include, but are not limited to:
general economic, market and business conditions; industry capacity; competitive
action by other companies; refining and marketing margins; the ability of
suppliers to meet commitments; actions by governmental authorities including
increases in taxes; changes in environmental and other regulations; and other
factors, many of which are beyond the control of the Corporation. Any
forward-looking statements are made as of the date hereof and the Corporation
does not undertake any obligation, except as required under applicable law, to
publicly update or revise such statements to reflect new information, subsequent
or otherwise.

Gold Ridge Exploration Corp. (TSXV:GEA)
過去株価チャート
から 5 2024 まで 6 2024