Ridgestone Mining files for IPO on TSX Venture Exchange

Ridgestone Mining Inc. has filed a final prospectus for initial public offering (IPO), by way of qualifying the distribution of 2,646,000 common shares of Ridgestone Mining Inc. issuable for no additional consideration upon exercise or deemed exercise of 2,646,000 special warrants issued on September 20, 2017 and September 27, 2017 at a price of $0.42.

The TSX Venture Exchange has conditionally accepted the listing of Ridgestone Mining common shares.

Ridgestone Mining Inc. is currently engaged in the business of exploration of mineral properties in North America. The company holds the right to acquire a 100% in thirteen unpatented mining claims in Nye County, Nevada, known as the Cimarron Gold Property, subject to certain royalties. All unpatented claims are 100% controlled by Nevada Select Royalty Inc., a wholly owned subsidiary of Ely Gold Royalties Inc. (TSX-V: ELY; OTC: ELYGF)

Ridgestone Mining’s objective is to explore and, if warranted, develop the Cimarron Gold Property.

Ridgestone Mining’s senior management and board consist of Hsin-Chen (Ted) Liu, President & CEO and Director; Erwin Wong, CFO,Corporate Secretary and Director, Ron Birch, Director, Hung Chieh (Odie) Ou, Director, and Brian Goss, Director.

Ridgestone Mining currently has 8,646,000 common shares on fuly diluted basis with insiders control ling 60.72% of the shares.

photo credit: Nevada by Aaron Burden, via unsplash

About the Author: Ted Liu

Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal, TechnologyMetals.ca, GoldSilverMetals.ca, and former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA). Ted is President of CPE Media Inc., an independent, trusted and unbiased data provider tracking Canadian VC/PE, private capital industry.