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    RRI   CA76927D1015

RIVERSIDE RESOURCES INC.

(RRI)
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IMetal Resources Inc. acquired Portfolio of Road Accessible Gold Projects Located in Beardmore Geraldton Greenstone Belt from Riverside Resources Inc..

11/18/2021 EST

iMetal Resources Inc. (TSXV:IMR) entered into an agreement to acquire Portfolio of Road Accessible Gold Projects Located in Beardmore Geraldton Greenstone Belt from Riverside Resources Inc. (TSXV:RRI) for CAD 1.3 million on February 10, 2021. As part of consideration, iMetal will issue 8 million common shares to Riverside Resources and iMetal will grant a 2.5% net smelter returns royalty on each of the acquired properties, of which 1.5% of the royalty may be acquired by iMetal at any time during the 60 months following closing in consideration for cash payments totaling CAD 7.5 million. iMetal will also pay a one-time bonus payment to Riverside Resources of $500,000, payable in cash or common shares of iMetal at its discretion, if at any time during the 60 months following closing iMetal receives results from any drilling program on the Oakes, Pichette and Longrose properties which indicates the presence of at least 100 gram-metres of gold. Closing is also conditional of iMetal completing an equity financing of not less than CAD 2.5 million. The transaction is subject to approval of the TSX Venture Exchange. iMetal Resources Inc. (TSXV:IMR) completed the acquisition of Portfolio of Road Accessible Gold Projects Located in Beardmore Geraldton Greenstone Belt from Riverside Resources Inc. (TSXV:RRI) on November 18, 2021.


ę S&P Capital IQ 2021
All news about RIVERSIDE RESOURCES INC.
01/14Capitan Mining Drills 35.1m of 0.42 gt AuEq Including 4.6m of 1.1 gt AuEq and Has Enter..
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01/12RIVERSIDE RESOURCES : Corporate Outlook for 2022
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01/06Riverside Reports High Grade Sample Results with 2.6 ozt Gold and 150 ozt Silver at La ..
AQ
01/05RIVERSIDE RESOURCES : Reports High Grade Sample Results with 2.6 oz/t Gold and 150 oz/t Si..
PU
01/05Riverside Resources Inc. Reports High Grade Surface Sample Assay Results from its Most ..
CI
2021RIVERSIDE RESOURCES : Repatriates Its Portfolio in the Geraldton Gold Belt in Ontario, Can..
PU
2021RIVERSIDE RESOURCES : Sells Its High Lake Greenstone Belt Canadian Portfolio to Golden Ret..
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2021IMetal Resources Inc. acquired Portfolio of Road Accessible Gold Projects Located in Be..
CI
2021RIVERSIDE RESOURCES : Consolidates Tenure at La Union Project and Reports High-Grade Gold,..
AQ
2021Riverside Resources Inc. Reports the Mineral Tenure Consolidation and Expansion of La U..
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More news
Financials
Sales 2020 - - -
Net income 2020 2,63 M 2,10 M 2,10 M
Net cash 2020 6,02 M 4,81 M 4,81 M
P/E ratio 2020 6,75x
Yield 2020 -
Capitalization 12,1 M 9,68 M 9,65 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 91,7%
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Managers and Directors
John-Mark Gardner Staude President, Chief Executive Officer & Director
Robert James Scott Chief Financial Officer
Ben Connor Chief Operations & Data Strategist
Brian J. Groves Independent Director
James Clare Independent Director
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