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| Home : Shanghai Richstone Not Proceeding With Balance of Investment in Sunridge Gold Corp. |
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Aug 18
2012 |
Shanghai Richstone Not Proceeding With Balance of Investment in Sunridge Gold Corp. |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 17, 2012) - Shanghai Richstone Investment Group Ltd. ("Shanghai Richstone") announced today that it will not complete its proposed $9.25 million financing (the "Financing") with Sunridge Gold Corp. ("Sunridge" or "the Company"). In June, Shanghai Richstone provided $2 million, representing the initial portion of the Financing to the Company, in exchange for 5,405,405 common shares in the capital of Sunridge. Shanghai Richstone will retain ownership of the said 5,405,405 common shares but has notified Sunridge that it will not provide the remaining balance of the Financing to Sunridge. |
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| Source:http://www.marketwire.com/mw/release.do?id=1692107&sourceType=3 |
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