Gold Ridge Exploration Corp. Closes Asset Purchase Transaction
In connection with the closing of the Transaction and pursuant to a Finder's Fee Agreement between the Corporation and Wolverton Securities Ltd. dated March 12, 2013, Wolverton Securities Ltd. acted as a Finder in connection with the Transaction and was issued 400,000 common shares of the Corporation at a deemed issue price of $0.05 per common share.
After giving effect to the Transaction, the Corporation will have 13,157,000 common shares outstanding.
Management
In connection with the Transaction, the Corporation's current board and management have resigned effective as of July 11, 2013, with the exception of David D. Heighington. Rudolf Cech has been appointed as President, Chief Executive Officer and a director, Richard Boswell has been appointed Vice President, Corporate Secretary and a director, Alan Chan has been appointed as Chief Financial Officer and a director, Edwin S. L. Tam has been appointed as a director and David D. Heighington will continue serving as a director of the Corporation.
READER ADVISORY
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Contact
Gold Ridge Exploration Corp.
Mr. David Heighington, Director
(403) 237-0018