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CALGARY, ALBERTA--(Marketwired - April 18, 2016) - Gold Ridge Exploration Corp. ("Gold Ridge" or the "Corporation") (NEX:GEA.H) announces the Corporation has closed the first tranche of its previously announced non-brokered private placement offering which consisted of the issuance of 8,450,000 common shares at an issue price of $0.01 for aggregate proceeds of $84,500. The common shares have a statutory hold period expiring on August 15, 2016. The Corporation paid a finder's fee of $6,450 to an arm's length party and issued 645,000 finder's options at an exercise price of $0.05 per common share for a period of 12 months from the closing date of the private placement. As previously disclosed, the Corporation has provided a written undertaking to the TSXV to complete a one for five (1:5) consolidation within 90 days of closing. |
